IOTA's Price Consolidates Above $0.21, Eyes 30% Upside

IOTA (MIOTA), once a prominent player in the altcoin space due to its unique Tangle technology, has recently garnered renewed interest from investors. Unlike the trend of investing in meme coins and high-volatility assets, IOTA has been steadily building momentum. With its current price hovering around $0.210, traders are speculating whether IOTA is poised for a significant breakout, potentially launching a major move by June 1, 2025.

The hourly chart for IOTA reveals a tight consolidation pattern just above the $0.21 level. The price is oscillating between the 50 and 200 Simple Moving Averages (SMAs), with occasional bursts of volume but no clear breakout yet. The 20 SMA is slightly above the 50 SMA, indicating a short-term bullish inclination, although it is not aggressive. The Accumulation/Distribution Line (ADL) remains relatively flat, suggesting that major players are neither accumulating nor exiting the market.

However, the $0.213 level has acted as a resistance multiple times over the past few days. A clean break above this level could open the door for a rally toward $0.225 and eventually $0.24, but the market needs stronger volume to confirm this movement.

Looking at the daily chart, IOTA's price has been forming a slow and steady uptrend since dipping below $0.18. The price is now trading above the 20, 50, and 100 SMAs, a strong technical signal that the bearish structure is changing. The next test lies at the 200-day SMA, currently around $0.233. If IOTA can close above this level on strong volume, it may confirm a macro reversal. The ADL on the daily chart has shown a consistent upward curve since mid-April, confirming accumulation behind the scenes.

Assuming IOTA's price maintains momentum and breaks above the $0.233 resistance within the next week, the next major target sits around $0.26, followed by a psychological barrier at $0.30. If IOTA reaches $0.30, a $1,000 investment today, which would get approximately 4,740 IOTA, could become around $1,422. If it hits $0.40, the investment could be worth around $1,896. A 30–90% potential upside is possible within 30 days if IOTA triggers its next leg up.

IOTA isn’t exploding with hype, but it is showing disciplined, organic technical strength. With its Tangle-based architecture attracting interest in the iot and smart city sectors, and accumulation building on the daily charts, it wouldn’t take much to ignite a price rally. For short-term traders, a breakout above $0.233 could be an entry signal. For longer-term holders, anything under $0.22 still looks like a value zone. Keep your alerts ready—June 1 might look very different from today.