The active growth trend in the IOTA market has not been interrupted since March 2020. The IOTA price is confidently and clearly moving in the black growth channel. Sellers managed to test the bottom trend line of this growth channel three times. However, each of their attacks ended in a sharp price reversal. The last attempt of sellers to break the growth trend ended in a new local growth wave in July 2021.

<img class="alignnone" src="https://s3.tradingview.com/snapshots/d/dftnBbBH.png" alt="IOTA" width="1387" height="793" />

<a href="https://www.tradingview.com/x/dftnBbBH/">https://www.tradingview.com/x/dftnBbBH/</a>

At the moment, this <a href="https://www.cryptoknowmics.com/news/iota-technical-analysis-trend-line-retest-aims-to-hit-2-5/">growth wave</a> cannot be called extremely successful. First, the IOTA price failed to break the middle line of the global growth channel. By starting the correction, sellers can easily push the price down without effort and high volumes. This fact shows the lack of interest of investors to aggressively buy IOTA at current prices.

The critical point for the start of a new growth wave is in the range of $0.91-$0.97. This range is most important for buyers since February 2021. This range was a good support for buyers at the beginning of the year. And during the powerful wave of the cryptocurrency market correction, in the range of $0.91-$0.97 was the main price slowdown. Therefore, maintaining this range will give buyers a great chance to continue the growth trend with the final target of $4.4-$5.
<h2>Technical Analysis of IOTA on the Daily Timeframe</h2>
<img src="https://s3.tradingview.com/snapshots/r/RJ762EMG.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/RJ762EMG/">https://www.tradingview.com/x/RJ762EMG/</a>

Analyzing the price movement on the daily timeframe, the contrast of trading volumes is immediately obvious. During the active growth of IOTA prices, trading volumes were as high as possible. But, the fact that the current fall has completely blocked the high-volume candles indicates the unloading of sellers' positions during the last growth wave. This fact may indicate a sad scenario of price movements in the IOTA market - a probable reversal of the growth trend.

If the fall in the IOTA price continues in low volumes and around the range of $0.91-$0.97, investors will expect a strong fall wave to $0.45. Thus, global trading decisions should be made when the price reaches this critical range.
<h2>IOTABTC Price Is in Consolidation from 2019</h2>
<img src="https://s3.tradingview.com/snapshots/i/InntNH8t.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/InntNH8t/">https://www.tradingview.com/x/InntNH8t/</a>

Analyzing the IOTABTC chart on a weekly timeframe, you can see that the price has been moving for a long time in broad consolidation. After an unsuccessful attempt by buyers to break the upper limit of this consolidation, a new wave of fall began. Therefore, the prospect of the IOTABTC price fall to the lower limit of consolidation is about 20%. This fact explains such an easy fall without volumes in the IOTA market. Buyers expect an interesting price for them to counterattack. Thus, making the right decision to invest in the IOTA market should take some time to wait.

IOTA Technical Analysis: Buyers Expect the Price in the $0.91-$0.97 Range

At the moment, this growth wave cannot be called extremely successful. First, the IOTA price failed to break the middle line of the global growth channel.

Peter came to know about cryptocurrencies in 2017 and was instantly enamoured by their massive potential. As he gained more insights about the crypto market, he began writing about it. Peter's daily activity is analysis and forecasting, studying the price movements probabilities, and trying to understand the market inside. He is glad to witness such a phenomenon as cryptocurrency and decentralized finance, and to participate in it.

IOTA Technical Analysis: Buyers Expect the Price in the $0.91-$0.97 Range

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