IOTA is currently trading at $0.112686, reflecting a slight decline of 0.69824% over the last 24 hours. The daily price action has remained constrained within a range of $0.003385, with a high of $0.115298 and a low of $0.111913, indicating low volatility.

Volume over the past 24 hours stands at 8,428,197, contributing to a volume-to-market cap ratio of 1.80%. The hourly moving averages suggest bearish momentum, with short-term SMAs (8, 13, 21) trading below the longer-term averages (55, 144) indicating a potential downtrend.

The 1-hour RSI at 40 suggests that IOTA is nearing oversold conditions, while the 7-day RSI at 48 indicates a neutral stance, though the asset has experienced a 1.23% decline over the past week. Over the last 14 days, IOTA has dropped significantly by 16.66%, and the 30-day change also reflects a downward trend of 15.17%.

Given the current bearish momentum indicated by moving averages and RSI values, as well as the recent price declines, it is advisable to exercise caution. With no immediate bullish signals present and ongoing downward pressure, the recommendation is to Hold IOTA at this time, monitoring for potential signs of reversal or stabilization in price.