IOTA made some adjustements, but didnt go lower than the lowest point after the 'ATH'. Same happend in the first december week.
After that it shoot up crazy, same could happen this week..
I dont excpect such a huge rise to the moon as then, but should be a nice bet to a new 'ATH' and around 7-8$.
First rise: 1.4 - 5.5 = Factor 3.92
Second rise: 3.9-x = Factor 3.92/2
x = 7.6 new 'ATH'
Last part just simple mathematics based on people are more scared of IOTA.