IOTA Technical Analysis Feb 24

IOTA, with RSI at 39.27 approaching the oversold region, MACD giving a bullish signal with positive histogram; however, bearish momentum dominates below short-term EMA20. Although the overall trend is downward, momentum indicators are laying the groundwork for a possible reaction rally.

Trend Status and Momentum Analysis

IOTA’s current price is trading at the 0.07 dollar level and has recorded a -1.80% decline in the last 24 hours. The daily range has narrowed and is stuck in the 0.07 – 0.07 band, while volume remained at low levels of 7.48 million dollars. The overall trend direction is confirmed as downward, the Supertrend indicator is giving a bearish signal, and the 0.08 dollar resistance is prominent. From a momentum perspective, we are receiving mixed signals: although the short-term trend is weak, the positive MACD histogram indicates underlying bullish momentum. The EMA ribbon structure has narrowed and the price is positioned below EMA20, confirming short-term bearish pressure. In multi-timeframe (MTF) confluence, 10 strong levels have been identified; 2 supports/3 resistances on 1D, 1 support/1 resistance on 3D, and 1 support/3 resistances on 1W distribution. Volume confirmation is weak, so we are waiting for additional confirmation for a momentum change. Bitcoin’s downtrend is creating pressure on altcoins, but IOTA’s relative resilience is noteworthy.

RSI Indicator: Buy or Sell?

RSI Divergence Analysis

RSI (14) is currently at 39.27 and in the neutral zone, approaching the oversold threshold of 30. In recent periods, while the price is making new lows, we observe higher lows in RSI; this can be interpreted as a classic bullish divergence and indicates weakening momentum and a potential reversal signal. There is no regular bearish divergence on the daily chart, but hidden bullish divergence is promising for short-term upside. Weekly RSI has stabilized around 42, reducing oversold pressure. The strength of the divergence is at a medium level; if the price approaches the 0.0643 support level and RSI falls below 30, the divergence will be confirmed and buying momentum may increase. If supported by volume, this signal becomes more reliable.

Overbought/Oversold Regions

RSI at 39.27 is advancing toward the oversold region (below 30), which increases short-term reaction buying potential. In the past, at similar levels, IOTA has shown recovery after 15-20% pullbacks. However, do not expect a strong trend change without a sustained close above the 50 level. Supporting oscillators like Stochastic also back the RSI, with the %K line about to cross above %D. Overall, RSI indicates that selling pressure is easing and momentum is preparing for recovery.

MACD Signals and Histogram Dynamics

MACD status is reported as bullish, with the histogram positive and showing expansion tendency. The MACD line (12,26,9) is above the signal line, and the recent crossover occurred bullishly. Histogram bars are growing above the zero line, indicating strengthening momentum and buyers entering. On the daily chart, the histogram’s expansion after contraction confirms the weakening of the bearish trend. However, the price remaining below EMA20 limits the full strength of the MACD signal. On weekly MACD, a signal line crossover is approaching, with positive divergence present. Histogram expansion may remain limited without volume increase, so be cautious. This dynamic creates an opportunity to test the 0.0709 resistance.

EMA Systems and Trend Strength

Short-Term EMAs

The price is trading below EMA20 (0.07 dollars), confirming the short-term bearish trend. The ribbon between EMA10 and EMA20 has narrowed, indicating reduced trend strength. The price breaking above EMA20 would be the first confirmation for a momentum surge. There has been an approach to EMA50 in recent sessions, but low-volume movements can be misleading.

Medium/Long-Term EMA Supports

EMA50 (around 0.072) is the first medium-term resistance, while EMA200 acts as strong support at the 0.085 level. The ribbon structure is downward sloping, with long-term trend weak. In MTF, EMA confluences are concentrated at supports: EMA100 support at 0.0643. EMA ribbon width measurement is narrow, signaling consolidation. In an upside breakout, EMA ribbon fan opening would accelerate momentum.

Bitcoin Correlation

Bitcoin is at the 63,231 dollar level and in a downtrend with a -3.23% decline in the last 24 hours. BTC Supertrend is bearish, supports at 62,910 – 60,024 – 49,685; resistances at 64,632 – 66,375. As BTC dominance increases, altcoins are under pressure, and IOTA’s correlation to BTC is high (around 0.85). If BTC breaks below 62,910, IOTA will test the 0.0643 support. Conversely, if BTC recovers above 64,632, opportunities arise for IOTA Spot Analysis and IOTA Futures Analysis. BTC movements dominate IOTA momentum, monitor key levels.

Momentum Result and Expectations

In momentum confluence, RSI bullish divergence and MACD positive histogram stand out, but EMA bearish and low volume require caution. Bullish target 0.0909 (score 48), bearish 0.0421 (score 22). In the short term, 0.0709 resistance is critical; on breakout, EMA20 test. Support confluences at 0.0643-0.0613 are strong; if held with MTF confirmation, reaction buying may come. Volume increase would strengthen momentum confluence. Overall outlook is neutral-bullish tilted; look to BTC for trend change. Targets: Up 0.0996, down 0.0663. Market is volatile, follow the levels.