IOTA fell nearly 8% on Wednesday, dropping to $0.053 after its recovery stalled at resistance above the $0.060 level. Buyers must now defend the $0.052 support before attempting to reclaim the $0.0572 price level. The RSI indicator stands at 55, a neutral reading rather than extreme overselling, suggesting the market is not yet exhausted. If the price falls below $0.052, the next support lies at $0.050, and potentially at $0.047, where IOTA found support in September.
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