From TradingView · · 30s
IRYS/USDT Bearish Setup
IRYS/USDT shows 80% downside correction risk.
In brief
IRYS/USDT shows 80% downside correction risk. IRYS/USDT price may drop 80% due to bearish distribution and H4 breakdown below $0.018 support. Originally reported by TradingView.
IRYS/USDT Distribution
IRYS exhibits severe exhaustion after extended parabolic pump into overhead distribution supply.
Bearish Divergence
Lower-timeframe market structure shows heavy profit-taking and clear bearish divergence across key oscillators.
Downside Target
A sustained H4 close below $0.018 support pivot confirms structural breakdown, accelerating toward $0.011 and $0.0036.
What it means
IRYS/USDT price may drop 80% due to bearish distribution and H4 breakdown below $0.018 support.
