Date: Sun, July 27, 2025 | 10:50 AM GMT
The cryptocurrency market is regaining momentum following a brief correction, with Ethereum (ETH) bouncing to $3,775 from a recent low of $3,509. This renewed bullish sentiment is beginning to spill into major altcoins, including IOTA (IOTA) — the token which tied to the Internet of Things (IoT) narrative.
$IOTA is currently up 4% on the day, pushing its monthly gain to 41%. But beyond the numbers, the technical chart is flashing a potentially powerful signal: a confirmed breakout and successful retest of a long-standing resistance level.
Source: Coinmarketcap
Retesting a Descending Triangle Breakout
According to recent insights from crypto analyst Jonathan, IOTA has just broken out of a descending triangle formation — a pattern known for preceding strong bullish moves.
The breakout lifted IOTA to a local high of $0.2565 before a healthy pullback occurred. During this correction, price action retested the lower boundary of the descending triangle, which previously acted as resistance. This support held firmly at around $0.1940, and price is now bouncing higher, currently trading near $0.2171.
IOTA Daily Chart/Credits: @JohncyCrypto (X)
The 100-day moving average (MA 100), which sits just below the current price, is also acting as a secondary support — reinforcing the bullish structure.
What’s Next for IOTA?
With the breakout and retest confirmed, IOTA’s technical outlook remains bullish. A decisive break above the recent $0.2565 high could set the stage for further gains, with upside targets near $0.255, $0.3155, and $0.4150 — representing nearly 90% potential upside from current levels.
While short-term volatility remains a factor, the breakout-retest structure suggests IOTA may be primed for a sustained rally as long as it holds above the breakout trendline.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
