Strong Buying Interest Indicates Possible Short-Term Upswing for IOTXUSDT

I am observing a strong buying volume for IOTXUSDT, with 61.53K Tether traded in the last minute, and a dominant 96% of this volume being purchase orders totaling 59.42K Tether. The current price slightly increased from 0.02917 to 0.0292 USD, marking a 0.1% gain, despite a 24-hour decrease of 1.816% and a 4-hour decrease of 0.88%. Over the 24-hour period, the trading volume reached 2.017 million Tether, with buy orders comprising just over half at 51%, indicating a balanced but slightly bullish sentiment. The net volume analysis shows significant activity in the recent 15-minute (40%) and 1-hour (36%) windows, suggesting ongoing short-term demand. The alerts indicate minimal signals, with only one alert in the past 24 hours and another in the last 4 hours, suggesting moderate but not aggressive trading activity. This data suggests that there is current buying interest for IOTX, but the overall recent price decline and the relatively modest volume increases imply caution. The market could be consolidating after a brief pullback or preparing for a potential breakout, depending on broader market conditions. Investors should watch for sustained volume and price movement to confirm bullish momentum. A consistent increase in buy volume and a break above recent resistance levels could signify a good entry point for long positions. Conversely, if volume diminishes or the price falls below key support, it may be wise to hold off on aggressive trades and wait for clearer confirmation.