IOTA Price Drops 4% to $0.1861, Key Support at $0.1849

IOTA's price is at a critical juncture, with both daily and hourly charts showing a struggle between buyers and sellers. As of June 12, 2025, the price has fallen to $0.1861 on the daily chart and $0.1846 on the hourly chart, raising questions about whether a deeper crash is imminent or if a short-term rebound is possible. The daily chart indicates that IOTA has declined nearly 4% and is hovering just above a strong support cluster between $0.184 and $0.180. The 20-day SMA ($0.1912) and 50-day SMA ($0.2106) are both above the current price, indicating that the asset remains under bearish control. The 200-day SMA at $0.2492 acts as a ceiling for any mid-term rally. The recent May rally that took IOTA near $0.26 failed to create a higher high, confirming the current downtrend. A Fibonacci retracement from the April low to the May high suggests key levels at $0.182 (38.2%) and $0.162 (61.8%). The price recently bounced at $0.1849, making this level crucial—if it breaks, the price could fall toward $0.16 swiftly.

The hourly chart shows a mini-consolidation phase after rejecting the $0.20 resistance multiple times over the last 48 hours. There was a clear breakout attempt on June 10 that touched $0.215, but the move was quickly reversed, indicating that bulls are running out of steam unless volume returns. The hourly 20, 50, and 100 SMAs are converging at $0.1875–$0.1907, acting as a gravity point. If IOTA can sustain above $0.190, there's room for a push back to $0.198 and potentially $0.205. However, the latest hourly candle is trading below all major SMAs, which could invite further downside.

Looking at the RSI across both timeframes, IOTA price is nearing oversold territory. While there is no extreme panic yet, the steady decline without any major bounce over the past two weeks hints at seller exhaustion. A simple price-to-SMA calculation shows that IOTA is trading 11.4% below its 50-day SMA. Historically, this discount leads to mean reversion moves of 5–8% within a few sessions. If we assume a modest 6% bounce from $0.1861, the target would be approximately $0.1973, putting the $0.197–$0.200 zone within short-term reach, provided the current support holds.

If the price breaks below $0.1849, IOTA could drop to the next support near $0.162, as per Fibonacci levels. This represents a 12.9% potential drop. The next two days are crucial for IOTA holders. A clean break below $0.18 will likely trigger cascading sell orders, sending the price toward multi-month lows. Right now, IOTA price sits on a weak but crucial support base. The short-term indicators suggest that a bounce to $0.197–$0.200 is possible, especially if the price closes above $0.190 on the hourly. However, the daily structure still leans bearish, and any bounce might be short-lived unless volume confirms a trend reversal. For traders, $0.1849 is the key level to watch. Hold above it, and you get a 6% bounce. Lose it, and you risk a 13% drop. The next 48 hours will likely decide the fate of IOTA for the rest of June.