IOTA is currently trading at $0.086794, reflecting a strong 24-hour change of 9.12%, indicating bullish momentum in the market. The daily trading range has been relatively narrow at 0.008447, showing that the price has been consolidating after the recent surge.

The volume of 8,193,697 suggests active trading, with a volume-to-market cap ratio of 2.24%, which is relatively healthy and supports the current price movement. Short-term moving averages are positive, with the 8 SMA at $0.0852 showing a 1.83% increase, indicating strong upward pressure, while longer averages like the 55 SMA at $0.0826 are also trending positively at +5.14%.

The hourly RSI is notably high at 82, suggesting that IOTA is overbought in the short term, which could lead to a price correction if buying momentum wanes. In contrast, the 7-day RSI at 53 indicates that the asset is in a neutral position over a longer time frame, providing potential for further gains if momentum can be maintained.

Despite recent positive movement, IOTA has experienced a significant price decline of approximately 18.56% over the past 30 days. This longer-term trend highlights the importance of caution, as investors might still be wary of potential resistance levels in the $0.09 range, where the 24h high sits at $0.087984.

Given the current technical indicators, particularly the overbought hourly RSI, and the recent upward movement combined with longer-term declines, a cautious approach is warranted. Therefore, the recommendation is to Hold IOTA for now, monitoring for signs of either a breakout above $0.09 or a correction that could present a better entry point.