The price of IOTA has been following a channel since the decline and now is almost at the resistance of the channel. There is a clear bullish divergence seen in 1-Day MACD (Moving Average Convergence Divergence Oscillator) where the price made a lower low but the MACD line made a higher low. But the RSI Levels are also oversold on 6-hr and lower time frame.

0.236 fib level is an important level to watch out for as the 200-day EMA (Exponential Moving Average) and 1-day tenken (on Ichimoku Cloud) also is present around that price range.

If the price breaches the channel IOTA can be said to begin its bullish run, if it gets rejected at the channel resistance, price can be seen moving in the channel again

MACD: Bullish Divergence on 1-d

RSI : Oversold on 6-h and lower time frame

EMA : 200-d EMA around 0.236 fib level