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$IOTA stays below the descending channel, downside pressure remains active. Sellers still control structure, and momentum has not shifted yet.
If weakness continues, the next key demand sits around $0.08 to $0.075, where buyers may attempt a reaction.
A bullish case only appears if price reclaims the $0.14 to $0.15 zone and delivers a strong daily close back above the descending channel. That would be the first clear signal of a possible trend reversal.