$IOTA is flashing strong bullish signals on the charts, making it a crypto to watch! 🚀 Recent technical indicators point to significant upside potential, especially after a daily Relative Strength Index (RSI) breakout. The RSI, currently trending upward, suggests growing buying pressure, with a reading of approximately 55–60, moving out of neutral territory. This breakout aligns with a looming Moving Average Convergence Divergence (MACD) bullish crossover, where the MACD line is approaching the signal line, hinting at strengthening momentum.
A critical level to monitor is $IOTA ’s price action around $0.23. A daily close above this resistance could ignite a rally reminiscent of the explosive 371% surge seen in Q4 2024, when IOTA broke a long-term descending trendline and soared past $0.35. Social sentiment on platforms like X also reflects growing optimism, with traders noting IOTA’s clean uptrend and potential to reclaim the 200-day moving average.
The upcoming Rebased upgrade, promising 15% staking yields and 50,000 transactions per second, adds fundamental fuel to the fire. With 80% of the supply in circulation and no venture capital unlocks, $IOTA is positioned for sustained growth. If the price sustains above $0.23, the next targets could be $0.265 or even $0.30, especially if trading volume continues its recent 74% surge.
Keep your eyes on IOTA—this could be the start of something big! 📈 #IOTA #Crypto #BullRun
Disclaimer: This is not financial advice. Always conduct your own research before investing.
