The cryptocurrency IOTA has recently surged by approximately 8%, surpassing the critical threshold of $0.16 amidst a bullish trend in the market. The token’s trading volume has also increased, indicating growing interest among investors.
IOTA Price Movement and Market Trends
- IOTA is currently trading above $0.16, showing potential for further gains.
- Despite this upward movement, the token remains within a broader descending triangle pattern.
- A breakout above $0.17 could lead to new highs, while a decline might target $0.14.
In the last 24 hours, IOTA has exceeded the $0.16 mark, driven by an overall rally in the altcoin market. According to CoinMarketCap, the daily trading volume for IOTA has surged by 55%, exceeding $17.3 million, hinting at a strong demand for the token.
IOTA Continues to Perform Among Top Altcoins
As the cryptocurrency market experiences a notable rally in altcoins, IOTA stands out as one of the top performers. Over the past day, the token’s price has climbed close to $0.17, reaching levels not seen since June 17, 2025.
The 8% increase in IOTA has outpaced many of the top ten altcoins, reflecting market confidence in its short-term potential. For comparison, other leading altcoins have seen gains ranging from 4% to 8% within the same timeframe.
Ethereum has shown a 6% rise, trading near $2,600 on Wednesday, while Solana gained 4%, reaching $156. XRP also increased by 4%, rising to $2.28. Dogecoin rose by 8% to $0.17, and Cardano saw an 8.5% increase, trading above $0.60. Notably, Sui has shown significant growth with a peak exceeding 11%.
These gains in IOTA coincide with the launch of IOTA’s Notarization toolkit, which leverages the network’s Rebased upgrade. This development reduces transaction fees to just 0.005 IOTA, enabling scalable and tamper-proof data recording— a stark contrast to traditional blockchain notarization, where costs can vary between $0.05 and $1.00 per record.
“IOTA Notarization is not here to replace your existing databases or cloud tools. These remain essential for internal operations and privacy,” stated Lautaro Giambroni, IOTA’s Product Engineer. “What we offer is a layer of public and verifiable trust when data needs to be shared between businesses or regulators,” he added.
Price Predictions for IOTA
With IOTA’s price surpassing $0.16, it is currently testing resistance near $0.17. This movement positions the token above a key support zone, prompting market participants to consider further upward momentum.
A decisive breakout above $0.17 could confirm a bullish trend reversal, potentially targeting $0.20 or higher. However, IOTA remains within a larger descending wedge pattern on longer time frames.
The weekly chart indicates that the Relative Strength Index (RSI) is approaching neutral territory, currently around 44, suggesting potential buying momentum. However, the Moving Average Convergence Divergence (MACD) shows a recent bearish crossover, with the MACD line moving below the signal line, indicating ongoing selling pressure.
The descending triangle pattern suggests that failure to break above $0.17 may lead to a retest of lower support near $0.14. Conversely, an upward price movement could bring $0.22 and $0.31 into the sights of bullish investors.
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