IOTA price has been drifting sideways after months of decline, but the latest daily chart suggests that momentum might finally be shifting. Let’s break down the technicals, uncover key levels, and calculate where IOTA price could head next.
The chart shows IOTA (IOTA/USD) trading at around $0.1603, slightly above a local support base. For months, IOTA has been stuck in a steady downtrend, slipping from its May high near $0.23 to recent lows below $0.15.
However, the current candles are starting to form a base, and the Heikin Ashi candles show a tightening range, hinting at an upcoming squeeze. The presence of small-bodied candles indicates indecision, often the calm before a breakout.
Looking at the Fibonacci retracement, if we take the May high ($0.23) and the June low ($0.145):
So, if IOTA can reclaim $0.18, the next Fibonacci targets are clearly visible near $0.19-$0.20.
Given the sideways base, rising RSI, and current tight range, a breakout seems likely if Bitcoin and broader crypto sentiment stay neutral or bullish.
IOTA price is no longer in freefall but hasn’t yet confirmed a reversal. The tight range and improving RSI make it worth watching for a daily close above $0.1610 — this would be an early signal that a short squeeze could unfold.
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