IOTA
IOTA can increase!BINANCE:IOTAUSDT
IOTA is forming a bullish rounded bottom which means the price can increase after the break out happens!
the expected bullish movement is as much as the depth of the rounded bottom!
also we can see a bullish divergence on MACD!
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IOTA at $0.28 Support: Breakout or Breakdown Ahead?IOTA/USDT is trading within a descending triangle pattern, indicating consolidation with lower highs and steady support.
The initial support is at the $0.28 level, providing a key area to watch for potential breakdowns.
A breakout above the descending resistance trendline could trigger a bullish move, with targets in the $0.36-$0.38 zone.
DYOR, NFA
IOTAUSDTGood accumulation phase observed, indicating strong interest from buyers. The asset shows a strong potential to grow, with consistent higher lows and increasing trading volume. Price action suggests a bullish sentiment, with key resistance levels being tested. Breakout opportunities are visible if momentum sustains. Watch for a potential pullback to establish new support before the next upward move. Strong potential to grow
Short term pump, mid term dump on IOTA?maybe a 2x is on the cards, though it seems if enough people buy in at these levels the pump may not continue, it is already at overbought. But prior pumps continued into high RSI, so it could reach something like a dollar per IOTA, but is still poised to dump afterwards.
IOTA price is ready for further growth?Another “old man” #IOTA woke up, whose price was in a downward trend: 2021, 2022, 2023 and almost all of 2024)
Today, OKX:IOTAUSDT finally managed to break through the strong mirror level of $0.45
1️⃣ Further, to continue the growth, buyers need to keep the price above $0.45
2️⃣ If this is done, there is a good chance of continued growth. But starting from $0.68 and up to $1.88, there will be a lot of people willing to sell this asset, which has been in the holding for more than two years. This, in turn, may affect the growth dynamics.
3️⃣ If the #IOTAUSD
price cannot be kept above $0.45, it is advisable to keep in mind that a possible correction to $0.20 is possible.
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IOTA Soars 56% as Rebased Upgrade Voting BeginsIOTA ( FWB:IOTA ) has experienced a remarkable surge, climbing over 56% to $0.5780. This leap follows the initiation of voting on its groundbreaking Rebased upgrade, positioning IOTA as one of the top performers among the 100 largest cryptocurrencies by market cap. Let's explore the driving forces behind this rally from both fundamental and technical perspectives.
Fundamental Drivers: The Rebased Upgrade
The primary catalyst behind IOTA's surge is the launch of voting for the Rebased upgrade. This upgrade represents a transformative shift for the IOTA L1 mainnet, introducing features aimed at enhancing decentralization, scalability, and utility:
- Staking Rewards: Users can now earn IOTA staking rewards, with an initial target inflation rate of 6% to 7%.
- Move-based Smart Contracts: Support for deploying smart contracts based on the Move programming language expands IOTA’s capabilities.
- Reduced Transaction Costs: Adaptive fee-burning and sponsored transactions aim to lower costs, fostering broader adoption.
- Full Decentralization: The upgrade aims to fully decentralize the IOTA ledger, enhancing trust and transparency.
Voting will continue until December 9, with the counting process concluding on December 16. The upgrade has heightened investor optimism, evident in IOTA's soaring futures open interest, which reached a record $87.89 million—more than tripling from last week’s $26.27 million.
Technical Analysis:
Technically, IOTA is exhibiting strong bullish momentum:
- Price Action: The altcoin has surged 55% in 24 hours, hitting a six-month high of $0.5780. Its monthly gains now exceed 350%, with daily trading volume spiking by 83% to over $705 million.
The Relative Strength Index (RSI) stands at 89, indicating overbought conditions. Despite this, there are no immediate signs of a cool-off, suggesting sustained buyer interest.
After a prolonged six-month consolidation phase, IOTA's breakout signals a potential continuation of the uptrend. The consistent series of green candlesticks confirms strong buying pressure.
Broader Market Context
IOTA's rally aligns with broader altcoin market momentum. The Altcoin Season Index at 81 indicates that altcoins are outperforming Bitcoin, reflecting growing investor appetite for high-potential projects. Additionally, the Crypto Fear and Greed Index at 76 underscores prevailing bullish sentiment.
Conclusion
IOTA's surge is underpinned by significant fundamental advancements and robust technical indicators. The Rebased upgrade promises to transform IOTA into a more decentralized and utility-rich network, while technical patterns suggest further upside potential. As the voting process unfolds, IOTA remains a standout asset in the altcoin market, capturing the attention of both retail and institutional investors.
Iota blasts thru double bottom neckline right @ golden crossLike so many other alt coins before it this alt season. Iota is taking the golden cross as an opportunity to blast off out of its current chart pattern which for Iota was a double bottom. Still decent amount of gains to be had to get to its target, some sort of pull back would be much more rewarding entry but hard to tell if it will be that generous. *not financial advice*
#IOTA/USDT#IOTA
The price is moving within a descending channel pattern on the 12-hour frame, which is a retracement pattern
We have a bounce from a green support area at 0.2000
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum
Entry price is 0.2100
The first target is 0.2471
The second target is 0.2700
The third goal is 0.2990
#IOTA/USDT /Ready to go up#IOTA
The price is moving in a descending channel on the 4-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.1011
We have an upward trend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.1182
First target 0.1274
Second target 0.1360
Third target 0.1496
IOTAUSDT Long Setup Setting / Am I going to let you lose?BINANCE:IOTAUSDT
CRYPTO:IOTAUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
0.2189 (Close it if you don't want to lose any)
0.2282
🔴SL:
0.2030
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
2 bullish patterns breaking upward on IOTAA double bottom pattern and a descending triangle that are overlapping eachother on the 1day IOTAUSD chart have begun to breakout and climb towards their targets. Perhaps in part that is one of a select few of current iso20022 compliant cryptos *not financial advice*
IOTA is bullishFrom where we put the red arrow on the chart, it seems that the correction of IOTA has started.
This correction seems to be a double (zigzag + triangle) that is now over and the trigger line is broken.
By maintaining the green range, it can move towards the targets.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
IOTA (Bearish Idea)IOTA has been in a bearish trend since December 2017.
As long as it's below $0.42 I expect it to drop to ~$0.0342.
It'll be a great buying opportunity from there, as it would be expected for IOTA to find it's way towards a new ATH.
Passing $0.42 without dropping to the buying area first is an invalidation of this idea.
Another invalidation, which is very unlikely to happen, is free falling below the targeted area. That would mark a possible 3rd wave drop towards ~$0.0022.
Good time to buy IOTAIOTA (IOTA) is one of the first coins which I started to follow and invest in. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3,4 and 5 very soon, that could be year(s). I will sell most of my capital on targets 3 and 4. Small portion will be sold on Target 1 and 2.
Entry Zone: 0.2599 – 0.3174
Buy Zone 1: 0.1057 – 0.1624
Target 1: 0.8783 – 0.9707 (177%)
Target 2: 1.3817 – 1.4556 (335%)
Target 3: 1.77 – 1.81 (468%)
Target 4: 2.29 – 2.39 (631%)