IOTA is currently priced at $0.116131, showing a 24-hour decline of 2.11%. The daily trading range has been minimal, with a high of $0.121114 and a low of $0.116129, indicating a lack of significant price action.

Volume over the last 24 hours stands at approximately 9.19 million, reflecting a volume-to-market cap ratio of 1.90%. This low volume suggests limited buying interest and highlights the overall bearish sentiment in the market, as indicated by the negative 24-hour change.

Technical indicators reveal bearish momentum, with all key hourly moving averages showing negative changes: the 8 SMA at $0.1175 (-1.18%), the 13 SMA at $0.1185 (-2.01%), and the 21 SMA at $0.1184 (-1.93%). The 1-hour RSI is at 31, indicating that IOTA is approaching oversold territory, which could prompt a short-term rebound but lacks confirmation for a sustained recovery.

On a broader time frame, the 7-day RSI at 52 reflects a neutral position, while the 14-day and 30-day price changes of -11.66% and -18.86%, respectively, signify persistent downward pressure. This trend points to a weak market sentiment, with the price significantly below its all-time high of $5.25.

Given the current technical indicators, negative price trends, and low trading volume, a Sell rating is warranted. The prevailing bearish conditions and lack of positive momentum indicate that entering or holding IOTA at this time could lead to further losses in the short term.