IOTA is trading above $0.16, exceeding key levels and could last higher. However, the token remains in a wider, descending triangle. A break above $0.17 shows additional benefits, while the dip takes advantage of $0.14.
IOTA token prices have skyrocketed around 8% in the last 24 hours, surpassing the $0.16 level amid fresh bullish momentum across the crypto market.
With each CoinMarketCap, IOTA’s daily trading volume has increased by 55% to over $17.3 million, indicating potential demand for tokens.
Importantly, this upward movement could mean a new leg of IOTA prices, as it coincides with the wider gatherings across the Altcoin market.
Iota Bulls Mirror Top Altcoins
As mentioned earlier, the cryptocurrency market has witnessed a prominent Altcoin Rally, and Iota is one of the top performers.
Over the past 24 hours, Iota’s prices have risen to around $0.17, rising to the level seen on June 17, 2025.
Nevertheless, IOTA’s 8% profit outweighs most of the top 10 Altcoins, indicating strong market confidence in its short-term potential.
In comparison, major altcoins list 4% to 8% with 24-hour profits.
Ethereum rose 6% on Wednesday to trade nearly $2,600, while Solana (Sol) won 4% to reach $156. XRP also rose 4% to $2.28.
Dogecoin rose 8% to $0.17, while Cardano rose 8.5% to trade above $0.60. SUI was one of the top performers with more than 11% of spikes.
The benefits of IOTA come in the introduction of Toolkit IOTA notarization through the blockchain platform.
This toolkit takes advantage of IOTA network rebase upgrades, reducing transaction fees to 0.005 IOTA, allowing scalable tamper-proof data recording.
This contrasts with traditional blockchain notarization, with costs between $0.05 and $1.00 per record.
“We don’t have the IOTA notarization here to replace current databases and cloud tools. They are still essential to internal operations and privacy,” said Lautaro Giambroni, product engineer at IOTA. “What we provide is the public, verifiable layer of trust when data needs to be shared with businesses and regulators,” he added.
IOTA Price Prediction
The price of the IOTA has broken above the $0.16 level and is currently testing a resistance of nearly $0.17.
The move places the tokens above the key support zone, making market participants even more eye-opening.
A critical break above $0.17 could confirm a reversal of bullish trends, potentially targeting more than $0.20.
However, IOTA stays within a wider descent wedge pattern in a higher time frame.
On the weekly chart, there is a Relative Strength Index (RSI) that is currently approaching the neutral area, sitting around 44. This indicates that you are likely to buy momentum.
However, moving average convergence divergence (MACD) indicates a recent bearish crossover, with the MACD line moving below the signal line, suggesting continuous downside pressure.
The descending triangle pattern didn’t break $0.17, meaning IOTA could retest low support, nearly $0.14.
On the flip side, the up-price action could bring $0.22 and $0.31 to the Bulls’ view.
