In the last 24 hours, the price of IOTA has experienced a sharp decline, reaching 0.2098 USD, down by 6.19%. This figure contrasts sharply with the recent enthusiasm of investors and the expectations of a bull breakout. The drop in market capitalization to 781.96 million dollars, accompanied by a collapse of daily volume by 64.5%, suggests a cooling of short-term interest, despite a still optimistic sentiment in the community (83% bull).
“`html Key Points “`
Current price: $0.2098, down 6.19% in a single day.
Market cap: $781.96 million, decreasing.
24h Volume: $30.65 million, -64.5%.
Positive sentiment: 83% of users remain bullish.
Daily low: $0.208 – levels not seen since the end of March.
Weekly trend: from $0.2258 to $0.2098 (-7%).
The IOTA Moment: Between Missed Push and Fears of Weakness
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The day of April 29, 2025 ends with a worrying signal for IOTA, which fails to maintain the psychological support of $0.22, losing ground below the technical threshold of $0.21. The chart structure highlights a constant descending trend, which began after a brief peak recorded on April 28 at $0.2258, when some analysts were talking about a “breakout momentum”.
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However, that bull was ephemeral. The price quickly reversed course and, in the absence of new volumes, it was rejected by the markets.
“`html Technical analysis: levels under observation “` Key supports:
0.208 USD: current daily minimum, next possible reaction point.
0.200 USD: long-term historical support; a break of this level could open critical scenarios.
Resistances:
0.220–0.225 USD: consolidated selling area, difficult to overcome without a recovery in volumes.
The current volume represents just 3.91% of the market cap, a figure that indicates a very low participation of the operators.
The IOTA Ecosystem: A Look Beyond the Price
Despite the technical weakness, the IOTA project continues to stand out for its vision in the field of the Internet of Things (IoT). Unlike traditional blockchain, IOTA uses the Tangle, a directed acyclic graph (DAG) structure, designed to offer unlimited scalability and zero transaction fees.
Development prospects:
Collaborations with automotive industries and Smart City projects.
New implementations on Shimmer (the incentivized testnet).
Preparations underway for the official launch of IOTA 2.0, which promises complete decentralization.
However, the delay in mass adoption and a fragmented communication by the team have often penalized the market perception.
Bullish Scenario: technical rebound or relaunch?
If IOTA were to defend the support at $0.208 and find incoming volumes, a rebound towards the $0.22–0.225 area is possible, as already seen on April 28. The key will be the interest of institutional investors and the arrival of concrete technical updates (e.g., milestone on IOTA 2.0).
Bearish scenario: risk of returning below $0.20
In the absence of positive catalysts, the most feared scenario is a break of the current support, with a possible drop towards the $0.20 threshold or even $0.195, a level of historical support. At that point, new annual lows would open up, further damaging confidence in the project.
IOTA faces a moment of delicate balance: the long-term fundamentals remain valid, but the confidence of short-term operators is being tested. The drastic drop in volume and the loss of a key support indicate that the market is waiting for concrete signals before returning to focus on the project.
