IOTXUSDT Bullish Indications Despite Short-Term Dip

I am observing a notable buying volume for IOTXUSDT, with a recent trade volume of 48.25K Tenge within just 33 seconds. The buy orders dominate strongly at 94%, amounting to 45.83K Tenge, compared to a mere 6% sell orders totaling -2.42K Tenge. The current price has remained stable at 0.02888 USDT, showing no change over the last period. Over the past 24 hours, the price has decreased by approximately 3.29%, and in the last 4 hours, it has dipped by 1.57%. Despite the slight short-term decline, the short-term indicators like the 15-minute and 1-hour changes suggest some recent upward momentum and short-term resilience. The 24-hour trading volume stands at 2.135 million Tenge, with a buy-to-sell ratio favoring buyers at 53%, translating to 1.143 million Tenge compared to 47% or -992.15K Tenge in sell volume. The net volume indicates substantial trading activity with recent increases, notably a 42% rise in the last 15 minutes and a 54% rise in the last hour, although the 4-hour net change is more modest at 18%. The presence of alerts within the past 24 and 4 hours suggests ongoing market monitoring and potential interest from traders. Overall, this data portrays a market with strong buying interest amid a short-term dip in price, possibly indicating accumulation phases or short-term bullish sentiment despite recent downward pricing. The high buy volume, especially in the context of a slight price decline, could signal a potential rebound or continued accumulation, but traders should remain cautious of the overall downtrend in the broader timeframe.