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Recent trading weeks in the IOTA market have shown the reluctance of sellers to continue their fall wave. Buyers have kept the critical range of $0.6. However, we cannot assure that buyers won due to the great interest in IOTA. Trading volumes during the last 3 trading weeks were extremely small. The weekly candle from 21 February has every chance to close the pin bar. This means that the probability of the IOTA price rebounding to the first target is $1. This range became the main problem of buyers during the trading week on 7 February. Sellers managed to suppress the aggression of buyers and continue the local fall wave from December 2021. 
https://www.tradingview.com/x/vAyGqDPK/ However, the final target of potential price growth in the near future is $1.2. This mark is a global trend line that sellers have been confidently keeping since April 2021. If buyers fail to control the $1.2 mark, we will expect a prolonged consolidation in the IOTA market. Loss of control of $0.6 by buyers will lead to a complete collapse of the IOTA market. In this case, the protracted and depressive correction will continue, and the main target of sellers - the range of $0.35.
Technical Analysis Of IOTA On The Daily Timeframe
https://www.tradingview.com/x/C3vTa5q6/ If we look at the situation on the IOTA market a little more locally, we see that the fall wave on 30 December began to be satisfied. The daily timeframe clearly shows a consolidation wedge in which the IOTA price jumps from its lower limit for the second time. The local mark from which the current growth wave may continue is $0.7. If buyers can keep it for the next few days, we will expect continued growth with the first target of $0.88. This mark can be the maximum achievement of buyers, after which another fall wave will be formed with a maximum target of $0.54. In this case, the consolidation within the wedge will be completed and this will be a good signal to start a new wave of growth. Breaking the global liquidity range of $0.6 and a test mark of $0.54 is possible. However, this must be organized in the form of a false breakdown.
The IOTABTC Price Is In The Maximum Allowable Zone For Growth
https://www.tradingview.com/x/xhDpvVBD/ Analyzing the price movement of IOTABTC in the weekly timeframe, we can see that buyers have not missed their chance to form a new growth wave. The IOTABTC price is moving in the liquid zone of 0.00002. Probable breakthrough of this price zone down from the first with the maximum allowable target of 0.00001530. But, if on the big timeframe we do not see an aggressive buyout and closing the weekly candle in the range of 0.00002 - this will be a sign of continued global price correction IOTABTC. However, our main scenario at the moment is the reversal of the IOTABTC price and the test mark 0.00003. So far, we expect a positive from March and the recovery of the cryptocurrency market, including IOTA.