|
Getting your Trinity Audio player ready...
|
- IOTA trades at $0.1790, down 5.15% with declining trading volume.
- Analysts watch for a breakout from a descending triangle pattern.
- Forecasts suggest recovery toward $0.39 by late 2025.
IOTA is trading at $0.1790, marking a 5.15% daily decline amid waning market activity. The coin’s 24-hour trading volume dropped to $23.56 million, reflecting reduced participation from traders and investors. Over the past week, IOTA’s value slipped another 2.29%, underscoring the bearish sentiment that continues to weigh on the broader crypto market.
Despite the pullback, analysts believe the token’s current consolidation phase could set the stage for a decisive price move. The asset’s tightening price pattern within a descending triangle suggests that once momentum shifts, volatility may spike significantly.
Momentum Indicators Flash Mixed Signals
Crypto analyst Bit Amberly noted that IOTA is testing the upper boundary of a descending triangle on its two-day chart — a pattern that typically precedes sharp breakouts or breakdowns. The token is currently battling a key resistance level after several weeks of range-bound trading.
Amberly explained that a confirmed breakout could propel IOTA toward $0.205, followed by $0.255, $0.315, and potentially $0.415 if bullish sentiment gains traction. However, if resistance holds, the asset may continue to consolidate or retest lower support zones. With momentum indicators showing mixed signals, traders are closely watching for confirmation before taking new positions.
2025 Price Forecast Points to Gradual Recovery
Looking ahead, DigitalCoinPrice projects a possible recovery toward $0.39 by late 2025, with stabilization between $0.33–$0.39 depending on market conditions. Similarly, CoinCodex anticipates IOTA trading between $0.1788 and $0.2136 by October 2025, with a potential monthly return of 19.24% if momentum improves.
Also Read: IOTA Turns 10: Binance Joins Network & Staking Rewards Up to 29.9% APR
If the crypto market regains confidence, IOTA could re-enter a growth phase — though technical validation will be key in determining whether this consolidation becomes the foundation for a longer-term reversal.
IOTA remains at a crucial inflection point, where a confirmed breakout could reignite investor optimism. While short-term uncertainty persists, analysts see room for recovery heading into 2025 — provided the token can overcome its current resistance and sustain upward momentum.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
