- IOTA has gained 14% and is forming a falling wedge pattern, which is typically viewed as a bullish reversal structure at the end of prolonged downtrends.
- The token recently bounced from key support at $0.1586 and is now trading near $0.1850 after buyers defended the support level.
- A breakout above wedge resistance and the 100-day moving average at $0.1909 would confirm a bullish pattern with a potential target near $0.27.
- The cryptocurrency market is showing strength with Bitcoin up 9% and Ethereum up 13% over the past week, supporting altcoin momentum.
Date: Fri, Oct 03, 2025 | 09:58 AM GMT
The cryptocurrency market is showing strength as the prices of both Bitcoin (BTC) and Ethereum (ETH) have surged over 9% and 13% respectively in the past 7 days. Riding this resilience, several altcoins are starting to flash bullish signals — and IOTA (IOTA) is one of them.
IOTA is back in green with 14% gains, but what makes it more interesting is its technical structure, which could be gearing up for a bullish breakout in the near term.
Falling Wedge in Play
On the daily chart, IOTA is carving out a falling wedge pattern — a setup often viewed as a bullish reversal structure that tends to emerge at the tail end of prolonged downtrends.
Recently, IOTA slipped toward $0.1586 after facing resistance at the wedge’s upper trendline. However, buyers quickly stepped in to defend this key support level, sparking a rebound that now has the token trading near $0.1850.
The tightening wedge structure signals that pressure is building, with a decisive move likely approaching.
What’s Next for IOTA?
If bulls succeed in breaking above the wedge resistance and reclaiming the 100-day moving average at $0.1909, it would confirm a bullish breakout. From there, IOTA could set its sights on the next major upside target near $0.27, based on the wedge’s projected move.
On the other hand, if the breakout attempt fails, the token could once again retest its wedge support before making another push higher.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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