Technical analysis by CryptoNuclear about Symbol IOTX: Buy recommendation (7/5/2025)

🔍 Technical Analysis Breakdown:The IOTX/USDT pair is currently consolidating inside a strong historical accumulation zone between $0.0125 and $0.0172, which has served as a critical support area multiple times since 2021. This zone is marked by long-term investor interest, making it a potential launchpad for a major trend reversal.What makes this zone particularly significant is that it aligns with a potential Double Bottom formation on the weekly timeframe — a classic bullish reversal pattern indicating that sellers are exhausted, and buyers are regaining control.The projected price path on the chart shows a possible multi-leg breakout scenario, with higher highs forming in a wave structure that hints at a medium-to-long-term bullish trend.✅ Bullish Scenario – Path of Least Resistance:If the price successfully holds above the key demand zone and breaks above the first resistance level at $0.03221, the next upside targets to watch are:1. 🟡 $0.04217 – Weekly resistance from a prior consolidation phase.2. 🟡 $0.05976 – A psychological resistance and former breakdown zone.3. 🟡 $0.08271 – $0.10163 – Strong supply zones from the 2022 bearish structure.4. 🟢 $0.23539 (Final Target) – All-time high region, could be tested in a full bull cycle.This bullish structure suggests a potential +800% upside from current levels if macro and market sentiment align in favor.❌ Bearish Scenario – Caution if Support Breaks:If IOTX loses the key support zone (closes weekly below $0.0125), then:The market could re-enter a bearish accumulation, risking a move toward new all-time lows.Momentum would shift back in favor of sellers, invalidating the double bottom structure.Traders should then wait for signs of re-accumulation or divergence before re-entering.📉 Volume & Momentum Insight:Volume remains low but stable, signaling that smart money may be accumulating quietly.If breakout occurs with a volume spike, this will act as strong confirmation for bullish continuation.🧠 Conclusion:IOTX is showing early signs of a major bullish reversal from a well-respected accumulation base. With multiple targets layered above and a clean invalidation zone below, this setup offers high reward-to-risk potential. Watch for a confirmed breakout above $0.032 to validate the beginning of a strong uptrend.#IOTX #IOTXUSDT #CryptoBreakout #AltcoinAnalysis #TechnicalAnalysis #CryptoSetup #BullishCrypto #IoTeX #CryptoTrading #AccumulationZone