A break above $0.17 will signal further gains, but a dip will bring $0.14 into play.
The IOTA token’s price has surged by about 8% in the past 24 hours to break above the $0.16 level amid fresh bullish momentum across the crypto market.
Per CoinMarketCap, IOTA’s daily trading volume has spiked by 55% to over $17.3 million, signalling potential demand for the token.
Significantly, this upward movement aligns with a broader rally across the altcoin market, which could mean a new leg up for the IOTA price.
As noted, the cryptocurrency market has witnessed a notable altcoin rally, and IOTA is among the top performers.
Over the past 24 hours, IOTA’s price has climbed to around $0.17, rising to levels seen on June 17, 2025.
IOTA’s 8% gain nonetheless outperformed most of the top 10 altcoins, signalling strong market confidence in its near-term potential.
In comparison, leading altcoins have posted between 4% and 8% in 24-hour gains.
Ethereum rose 6% to trade near $2,600 on Wednesday, while Solana (SOL) gained 4% to reach $156. XRP also advanced 4%, climbing to $2.28.
Dogecoin was up 8% at $0.17, and Cardano rose 8.5%, trading above $0.60. Sui was among the top performers with a spike of over 11%.
Gains for IOTA come amid the blockchain platform’s introduction of the toolkit IOTA Notarization.
This toolkit leverages the IOTA network’s Rebased upgrade, reducing transaction fees to 0.005 IOTA and enabling scalable, tamper-proof data recording.
It contrasts with traditional blockchain notarization, which sees costs of $0.05-$1.00 per record.
“IOTA Notarization is not here to replace your current databases or cloud tools. Those are still essential for internal operations and privacy,” said Lautaro Giambroni, product engineer at IOTA. “What we offer is a public, verifiable layer of trust when data needs to be shared across companies or regulators,” he added.
IOTA’s price has broken above the $0.16 level and is now testing resistance near $0.17.
This move positions the token above a key support zone, with market participants eyeing further upside.
A decisive break above $0.17 could confirm a bullish trend reversal, potentially targeting $0.20 or higher.
However, IOTA remains within a broader descending wedge pattern on higher time frames.
The weekly chart has the Relative Strength Index (RSI) currently approaching neutral territory, sitting at around 44, which indicates likely buying momentum.
However, the Moving Average Convergence Divergence (MACD) shows a recent bearish crossover, with the MACD line moving below the signal line to suggest continued downside pressure.
The descending triangle pattern implies that a failure to break $0.17 could see IOTA retest lower support near $0.14.
On the flipside, upside price action could bring $0.22 and $0.31 into the bulls’ view.
