$IRYS — Heavy Selloff But Hitting Critical Reversal Zone 👀

Price has been in a steady downtrend across all intraday timeframes, but price is now entering the first meaningful demand zone where reversals usually begin. Momentum indicators across 15m, 1H and 4H are showing deep oversold conditions, signalling that the sell pressure may be close to exhaustion.

On the 4H timeframe:

Price dropped back to the 0.029–0.030 zone, which previously acted as a reaction base.

MA7 & MA25 are still pointing down, confirming the trend is bearish.

RSI(7/14/21) are sitting near 25–30, the zone where most short-term bottoms form.

Bearish candles are losing size → momentum weakening.

Conclusion:
4Hr chart is not bullish yet, but strongly hints that sellers are running out of strength.

1Hr Chart — First Stability Signs Around 0.029

Price is sitting right at 0.02904, the same level where buyers last stepped in.

MA7 < MA25 < MA99 → still a downtrend, but flattening indicates slowdown.

MACD histogram rising back toward zero → bearish momentum fading.

RSI cluster between 30–35 → oversold zone, early reversal territory.

If 1Hr closes above 0.0303 again, recovery can start.

15mins Chart — Micro-Double Bottom Attempt

A 0.02904 double tap, showing localized buying interest.

MA200 is above price → still bearish, but 15m is trying to stabilize.

RSI(7) around 21 — extremely oversold.

Wick-to-body ratio increasing → buyers absorbing dips.

This is where short-term reversals normally begin.

🎯 Key Levels

Support - 0.0290 (major) & 0.0283 (final intraday defense)

Resistance -
0.0313 (first bounce target – MA7/MA25 reclaim)

0.0330 (MA99 on 15m / 1H barrier)

0.0349–0.0350 (MA200 — trend flip zone)

If 0.0290 holds, expect a recovery leg toward:

➡️ 0.0313
➡️ 0.0330
➡️ 0.0350 retest

Break above 0.0350 opens the way for a clean trend reversal.

If 0.0290 breaks, #IRYS may extend lower into 0.0283 liquidity, before a stronger bounce.

Conclusion - $IRYS is deeply oversold across all intraday timeframes.
The trend is still down, but price is sitting at a high-probability reversal zone where previous rallies started. Momentum is cooling, and even small buy pressure can flip the structure.

A bounce from this zone is very likely — but confirmation comes only after reclaiming 0.0313.