Most investors are happy with the recent pullback in the price of most cryptocurrencies. There is a possibility that IOTA trades below $0.15 in the near future. However, for <a href="https://www.cryptoknowmics.com/news/iota-technical-analysis-falling-trend-approaches-0-50-mark/" target="_blank" rel="noopener">IOTA</a> (MIOTA), it could go either way after it has surged to $0.335 and gained 34.44% in the past 24 hours. At the time of writing, the 24 hours low and high prices of MIOTA were $0.237 and $0.3403. It holds the possibility of reaching a new bottom after attaining a 90-days low price of $0.2759 on May 12th, 2022.

<em><strong>Next, let's explore the possible consequences if IOTA trades below $0.15 or nears that level. Here are a few:</strong></em>
<ul>
 	<li>A high re-bounce to trade around $0.45</li>
 	<li>A consolidation to determine the next move</li>
 	<li>A dip breakout to trade below $0.1.</li>
</ul>
<h3>A High Re-Bounce to Trade Around $0.45</h3>
A price-dip of IOTA trades below $0.15 is likely to occur soon. If this happens, the present re-bounce that had made it surge by over 34% in the past 24 hours would be a minimum pullback. The extreme buyers' continuous pressure would give it a high uptrend to regain the recent losses.
<h3>A Consolidation to Determine the Next Move</h3>
At about $0.15, IOTA might experience consolidating prices for some days. The reason for this is that most investors and traders want a clear signal before deciding on their next move. MIOTA holders should expect a consolidation of the market to last for some time unless a major update or change occurs within the IOTA ecosystem.
<h3>A Dip Breakout to Trade Below $0.1</h3>
Sellers might wish to cash out from the market to minimize their losses. Consequently, this could trigger a selling pressure which might push the price of MIOTA below $0.1. <a href="https://coinmarketcap.com/currencies/iota/" target="_blank" rel="nofollow noopener">CoinMarketCap</a> states that more investors are likely to buy the dip at this cost, as it is almost getting close to its all-time low price of $0.07962.
<h3>Conclusion</h3>
It would be wise to invest with caution as the current market pullback could reverse the lead to a higher crypto winter than the one just experienced.

What to Expect if IOTA Trades Below $0.15

While investors are happy with the recent pullback in the price of most cryptocurrencies, IOTA trades could go below $0.15. Check to find out why.

Chukwuemeka Raphael is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.

What to Expect if IOTA Trades Below $0.15

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