IOTA Price Set for Liftoff? Watch This Level
The post IOTA Price Set for Liftoff? Watch This Level appeared on BitcoinEthereumNews.com. IOTA (MIOTA), once a major player in the altcoin space due to its unique Tangle technology, has seen a wave of renewed interest. While most investors have flocked to meme coins and high-volatility assets, IOTA has steadily built momentum. With a current price hovering around $0.210, traders are now asking: is IOTA about to break out? Could May be the launchpad for a big move by June 1, 2025? Let’s break down the charts and calculate what a $1,000 investment could become. IOTA Price Prediction: Sideways Coil or Launchpad? IOTA/USD 1 Hr Chart- TradingView The hourly chart for IOTA shows a tight consolidation pattern just above the $0.21 level. Price is hovering between the 50 and 200 SMA, with short bursts of volume but no clear breakout yet. The 20 SMA is slightly above the 50 SMA, indicating a short-term bullish inclination, though it’s not aggressive. ADL (Accumulation/Distribution Line) remains relatively flat, hinting that major players are neither accumulating nor exiting. However, the $0.213 level has acted as a resistance multiple times over the past few days. A clean break above this could open the door for a rally toward $0.225 and eventually $0.24, but the market needs stronger volume to confirm it. Daily Chart Analysis: Trend Reversal in Progress? IOTA/USD Daily Chart- TradingView Looking at the daily chart, IOTA price has been forming a slow and steady uptrend since dipping below $0.18. The price is now trading above the 20, 50, and 100 SMAs, a strong technical signal that the bearish structure is changing. The next test lies at the 200-day SMA, currently around $0.233. If IOTA can close above this level on strong volume, it may confirm a macro reversal. ADL on the daily chart has shown a consistent upward curve since mid-April, confirming accumulation behind the scenes.…
The post IOTA Price Set for Liftoff? Watch This Level appeared on BitcoinEthereumNews.com.
IOTA (MIOTA), once a major player in the altcoin space due to its unique Tangle technology, has seen a wave of renewed interest. While most investors have flocked to meme coins and high-volatility assets, IOTA has steadily built momentum. With a current price hovering around $0.210, traders are now asking: is IOTA about to break out? Could May be the launchpad for a big move by June 1, 2025? Let’s break down the charts and calculate what a $1,000 investment could become. IOTA Price Prediction: Sideways Coil or Launchpad? IOTA/USD 1 Hr Chart- TradingView The hourly chart for IOTA shows a tight consolidation pattern just above the $0.21 level. Price is hovering between the 50 and 200 SMA, with short bursts of volume but no clear breakout yet. The 20 SMA is slightly above the 50 SMA, indicating a short-term bullish inclination, though it’s not aggressive. ADL (Accumulation/Distribution Line) remains relatively flat, hinting that major players are neither accumulating nor exiting. However, the $0.213 level has acted as a resistance multiple times over the past few days. A clean break above this could open the door for a rally toward $0.225 and eventually $0.24, but the market needs stronger volume to confirm it. Daily Chart Analysis: Trend Reversal in Progress? IOTA/USD Daily Chart- TradingView Looking at the daily chart, IOTA price has been forming a slow and steady uptrend since dipping below $0.18. The price is now trading above the 20, 50, and 100 SMAs, a strong technical signal that the bearish structure is changing. The next test lies at the 200-day SMA, currently around $0.233. If IOTA can close above this level on strong volume, it may confirm a macro reversal. ADL on the daily chart has shown a consistent upward curve since mid-April, confirming accumulation behind the scenes.…
What's Your Reaction?
