# IOTA

As long as #IOTA remains below the descending channel, downside pressure is likely to persist, with $0.08–$0.075 acting as the next key demand zone. A bullish scenario would only come into play if price can reclaim the $0.14–$0.15 zone and achieve a strong daily close above the descending channel, which would signal a potential trend reversal.#SpotGoldHitsaNewHigh

🌍 IOTA partners with Salus to revolutionize trade finance
‍#IOTA  joins forces with #Salus , a digital platform connecting verified mineral suppliers with capital.
🔹 Salus will leverage IOTA Identity to manage digital identities across the critical minerals supply chain – from containers and transporters to suppliers and buyers.🔹 Key trade documents like warehouse receipts & bills of lading will be tokenized on IOTA, creating a tamper-proof, verifiable system.🔹 Smart contracts and stablecoin payments will automate financing, while transparent audit trails build trust in a $2.5T market.
Why

I follow Ziggchain for the long term! 💎
Technical forecast: 🟩
📈 Weekly purchase volume
📈 Descending wedge structure (monthly - weekly)
Fundamental forecast:
Guess what: Adoption metrics and on-chain activity continue to grow by #ZIG + many exchanges are integrating their chain over time 📈
For example: I traded another L1 below $0.020 a few years ago - the same story could happen with adoption! (x50) 🚀
Short-term selling pressure remains strong, and market fear is also present 🔴
We can expect a touch of the $0.0400 level (monthly POC point) before a confident upward move! 🚀
Along with o