According to @CryptoCoinCoach, IOTA is testing a long term support zone at the lower boundary of a descending channel that has historically attracted demand. According to @CryptoCoinCoach, the recent selloff appears to be slowing and price is attempting to stabilize at this area, keeping a relief move toward the channel mid range in play if buyers continue to defend the level. According to @CryptoCoinCoach, a sustained hold could set up a subsequent retest of the upper descending resistance, while a failure to hold this zone could trigger a deeper downside before any meaningful recovery. According to @CryptoCoinCoach, traders should stay patient and wait for confirmation before positioning around this key decision region.

According to @CryptoCoinCoach, IOTA is compressing inside a falling wedge after an extended decline, indicating a potential shift as price nears pattern support (source: @CryptoCoinCoach on X). According to @CryptoCoinCoach, bearish momentum is weakening near the wedge base, signaling reduced downside pressure (source: @CryptoCoinCoach on X). According to @CryptoCoinCoach, a clean breakout above wedge resistance could trigger a relief move toward higher resistance zones, offering a tactical long setup for momentum traders if confirmed (source: @CryptoCoinCoach on X). According to @CryptoCoinCoach, losing the wedge base keeps downside risk open, preserving the bearish continuation scenario (source: @CryptoCoinCoach on X).