IOTA Staking Surges 43% Amid Bullish Technical Signals

IOTA, currently ranked 125th in market capitalization, has seen a significant surge in staking activity, with 43% of its circulating supply now locked in staking contracts. This development indicates a strong long-term commitment from holders, despite recent price fluctuations. The price of IOTA has been consolidating near the $0.1814 resistance level, suggesting a potential breakout if momentum builds.

Technical analysis reveals that IOTA has formed a series of higher lows and consistent rejections near the $0.1814 resistance zone on the 4-hour chart. This pattern suggests a bullish reversal, with the price potentially setting up for an upward move toward the $0.3000 mark. A trendline extending from March indicates that if momentum builds and breaks above immediate resistance, a measured move could target this longer-term level. Analysts note that $0.1773 is serving as a key support zone, offering a base for accumulation activity.

IOTA's price has shown little volatility during the 24-hour range from $0.1773 to $0.1814. This consolidation in a narrow band suggests that buyers are taking charge, and the price could rise if volume increases. Traders are closely watching whether IOTA can sustain support while testing resistance levels, as a confirmed breakout would require higher time frame validation.

The reduction in available tokens on exchanges due to the increase in staking can potentially lead to stronger price reactions to new demand. This dynamic is often seen in the early phases of upward cycles in assets with thin active supply. While IOTA’s price movement remains muted in the short term, the combination of chart resilience, declining liquidity, and rising staking figures suggests a market shift may be developing. Although no guarantees can be made, IOTA's technical structure and strong staking fundamentals mark it as a token to watch as it approaches a critical resistance threshold.