IOTA is currently trading at $0.093547, reflecting a slight decline of 1.62% over the past 24 hours. The daily trading range has been narrow, with a high of $0.097729 and a low of $0.09358, indicating limited volatility in the market.

Trading volume stands at 7,063,358, contributing to a market cap volume ratio of 1.78%, suggesting relatively low market activity. The hourly moving averages indicate a bearish trend, with the 8 SMA at $0.0947 showing a decline of 1.24%, and longer-term averages like the 144 SMA at $0.0979 reflecting a larger drop of 4.44%.

The 1-hour RSI is critically low at 15, indicating strong oversold conditions, while the 7-day RSI at 48 suggests a neutral momentum phase. Price changes over the past week and 14 days show declines of 7.12% and 6.25%, respectively, contrasting with a 30-day increase of 6.47%, which indicates recent selling pressure.

IOTA's all-time high remains significantly distant at $5.25, suggesting substantial room for recovery, but current performance trends indicate bearish sentiment. Given the oversold condition reflected by the RSI and the recent price activity, the market may experience short-term rebounds.

Based on the technical indicators and recent price movements, a Buy rating is advised for IOTA. The potential for a recovery from oversold conditions, coupled with an attractive entry point given the current price levels, supports this recommendation.