IOTA is currently trading at $0.114898, reflecting a 24-hour decline of 3.28%. The daily trading range has been relatively tight, with a high of $0.118801 and a low of $0.106962, indicating limited volatility in the short term.

Volume stands at 21,969,995, translating to a volume-to-market cap ratio of 4.61%, which suggests moderate interest from traders. The 1-hour RSI is at 60, indicating a potential for upward momentum, while the 7-day RSI at 44 suggests the asset is approaching oversold territory.

Short-term moving averages show mixed signals; the 8 SMA and 13 SMA are trending positively, while the 21 SMA is neutral, and the 55 SMA has turned negative. The 144 SMA is down 7.81%, further indicating bearish sentiment over a longer timeframe.

The 7-day price change of -12.89%, the 14-day change of -20.66%, and the 30-day change of -18.11% reveal a consistent downtrend. Despite the current price being significantly lower than its all-time high of $5.25, the recent support level around $0.106962 could provide a floor for potential buyers.

Based on the current market conditions and technical indicators, IOTA is experiencing bearish momentum in the mid-term but shows signs of stabilization in the short-term. Therefore, the recommendation is to Hold, as it may be prudent to wait for a clearer trend reversal before making new investments.