IOTA Surges 4% on Triangle Breakout as Analysts Flag 90% Upside Potential

The cryptocurrency market is showing renewed bullish momentum as Ethereum (ETH) rebounds to $3,775 from a recent low of $3,509, spurring optimism in altcoins like IOTA (IOTA). The token, linked to the Internet of Things (IoT) narrative, has surged 4% on the day, marking a 41% gain for the month. Technical analysts highlight a key breakout and retest of a descending triangle pattern as a potential catalyst for further upside [1].

IOTA’s price action has recently broken out of a descending triangle formation, a chart pattern historically associated with strong bullish trends. According to crypto analyst Jonathan, the breakout lifted IOTA to $0.2565 before a pullback retested the lower boundary of the pattern. This retest held firm at around $0.1940, acting as support and propelling the price to its current level of $0.2171 [1]. The 100-day moving average (MA 100), positioned just below the current price, adds secondary support, reinforcing the bullish structure.

A decisive break above the $0.2565 resistance could open the door to higher targets. Analysts project potential price levels of $0.255, $0.3155, and $0.4150, representing nearly 90% upside from current levels. However, short-term volatility remains a factor, with the success of this rally dependent on IOTA maintaining its position above the breakout trendline [1].

The broader market context also favors altcoins. Bitget’s altcoin season index indicates a phase where capital is shifting toward non-Bitcoin assets, potentially benefiting projects like IOTA with strong use cases [2]. While IOTA currently trades at $0.2053 with a 0.08% 24-hour change, some analysts predict a short-term pullback to $0.1991 [1]. Meanwhile, TradingView user CryptoPRIME_1855 outlines a scenario where a successful retest of key support levels could confirm a trend shift, potentially pushing IOTA toward $0.10–$0.12 [3]. This target implies a 12–32% increase from current levels, contingent on sustained buyer interest and validation of the breakout pattern through volume and candlestick analysis [3].

Critics caution that IOTA’s lack of a native token supply mechanism and competition from Layer 1 blockchains like Solana could limit long-term growth. However, proponents argue its Tangle architecture and IoT partnerships provide unique advantages. The altcoin season index also underscores the growing institutional interest in projects with real-world applications, aligning with IOTA’s IoT-focused strategy [2].

External factors, including regulatory clarity and macroeconomic stability, will play critical roles in determining IOTA’s trajectory. Analysts emphasize the need to balance technical signals with fundamental developments, such as upgrades to the Tangle network or expanded enterprise collaborations. While the breakout and retest pattern is promising, long-term success hinges on both market dynamics and project-specific milestones [3].

Source:

[1] CoinMarketCap. [IOTA To Rise Higher? Key Breakout and Retest Signaling Potential Upside Move](https://coinmarketcap.com/community/articles/68860880cacf2b576764001d/)

[2] Bitget. [IOTA (IOTA) Price Prediction](https://www.bitget.com/price/iota/price-prediction)

[3] TradingView. [CryptoPRIME_1855 — Trading Ideas and Scripts](https://www.tradingview.com/u/CryptoPRIME_1855/)