IOTA is currently trading at $0.098028, reflecting a significant drop of 12.35% over the last 24 hours. The daily price range has been between $0.096114 and $0.112916, indicating heightened volatility as the asset tests lower support levels.

The trading volume stands at approximately 15.4 million, representing 3.79% of the market cap, suggesting limited investor interest at this price point. Technical indicators show that all key moving averages (8, 13, 21, 55, and 144 SMA) are trending downwards, with the 8 SMA at $0.1029 reflecting a loss of 4.74%, indicating a bearish sentiment.

The 1-hour RSI is critically low at 15, signaling oversold conditions, while the 7-day RSI at 40 indicates weak momentum but not yet oversold. This reflects a potential for a short-term rebound, but the longer-term indicators show a troubling 7-day price change of -15.62%, a 14-day decline of -24.78%, and a 30-day drop of -28.56%, all pointing towards ongoing bearish pressure.

Given the current price action and the significant downward trend, IOTA is struggling to maintain support, and its long-term outlook remains negative. The asset is well below its historical highs of $5.25, further emphasizing the bearish sentiment currently dominating the market.

Based on the analysis of technical indicators, price action, and volume trends, I recommend a Sell rating for IOTA at this time. The combination of declining moving averages and weak RSI readings suggests further downside risk, making it prudent to exit positions or avoid new investments until more favorable conditions emerge.