IOTA

Cryptocurrency

2024

World

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 <p class="paragraph">IOTA (MIOTA) is a crypto based on a distributed ledger technology (DLT) crafted explicitly for the Internet of Things (IoT) ecosystem. The platform facilitates secure and feeless exchange of data and value among machines and devices within the Internet of Things (IoT) environment.</p>
 <p class="paragraph">During an AMA session on January 24, Dominik Schiener, the founder of MIOTA, delivered a significant announcement that resulted in a 12% surge in the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of this crypto the previous day.</p>
 <p class="paragraph">The revelation pertained to the upcoming launch of the IOTA Ethereum Virtual Machine (EVM) on March 31 and the introduction of the new alpha version of IOTA, v1.0.0-alpha.2 pre-release.</p>
 <h2 class="wp-block-heading" id="h-iota-technical-analysis">IOTA technical analysis</h2>
 <p class="paragraph">Due to the recent gains, technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> might provide investors with further detailed insights on potential future <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> movements.</p>
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 <p class="paragraph">The current trend indicates an approach towards a multi-year descending trend line. There is anticipation of a potential breakout, and in the event of a successful breakout, a substantial bullish rally is expected, with a midterm target projected towards $1.20, as per a post on X from cryptocurrency analyst <em>World of Charts</em> on January 25.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="580" src="https://cdn.thebittimes.com/images/2024/01/25/13507bdedb49426d68a823ffdaab3958.webp" alt="IOTA potential breakout on trend charts. Source: World of Charts" class="wp-image-151194" srcset="https://cdn.thebittimes.com/images/2024/01/25/13507bdedb49426d68a823ffdaab3958.webp 1024w, https://cdn.thebittimes.com/images/2024/01/25/13507bdedb49426d68a823ffdaab3958.webp 300w, https://cdn.thebittimes.com/images/2024/01/25/13507bdedb49426d68a823ffdaab3958.webp 768w, https://cdn.thebittimes.com/images/2024/01/25/13507bdedb49426d68a823ffdaab3958.webp 1536w, https://cdn.thebittimes.com/images/2024/01/25/13507bdedb49426d68a823ffdaab3958.webp 1919w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   IOTA potential breakout on trend charts. Source: World of Charts
  </figcaption>
 </figure>
 <p class="paragraph">Additionally, MIOTA looks poised for a short-term breakout from several resistance zones. A decisive close above the Point of Control (PoC) volume zone is anticipated to initiate a bullish rally. The increasing volume also indicates positive momentum, per a <em>CryptoBull </em>post on January 25.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="520" src="https://cdn.thebittimes.com/images/2024/01/25/8f44bc210a92b62681f8749bbf26fc80.webp" alt="Potential IOTA breakout from multiple resistance zones. Source: CryptoBull_360
" class="wp-image-151196" srcset="https://cdn.thebittimes.com/images/2024/01/25/8f44bc210a92b62681f8749bbf26fc80.webp 1024w, https://cdn.thebittimes.com/images/2024/01/25/8f44bc210a92b62681f8749bbf26fc80.webp 300w, https://cdn.thebittimes.com/images/2024/01/25/8f44bc210a92b62681f8749bbf26fc80.webp 768w, https://cdn.thebittimes.com/images/2024/01/25/8f44bc210a92b62681f8749bbf26fc80.webp 1536w, https://cdn.thebittimes.com/images/2024/01/25/8f44bc210a92b62681f8749bbf26fc80.webp 1835w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Potential IOTA breakout from multiple resistance zones. Source: CryptoBull_360
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="iota-price-analysis">IOTA price analysis</h2>
 <p class="paragraph">At the time of press, IOTA was trading at $0.2437, after an increase of 12.74% in the past 24 hours, adding to 2.13% gains made over the past week, contrary to losses of -14.21% in the previous month.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="376" src="https://cdn.thebittimes.com/images/2024/01/25/17e1cd2b9ea2a33288885a7c4b737524.webp" alt="IOTA 24-hour price chart. Source: Finbold
" class="wp-image-151197" srcset="https://cdn.thebittimes.com/images/2024/01/25/17e1cd2b9ea2a33288885a7c4b737524.webp 1024w, https://cdn.thebittimes.com/images/2024/01/25/17e1cd2b9ea2a33288885a7c4b737524.webp 300w, https://cdn.thebittimes.com/images/2024/01/25/17e1cd2b9ea2a33288885a7c4b737524.webp 768w, https://cdn.thebittimes.com/images/2024/01/25/17e1cd2b9ea2a33288885a7c4b737524.webp 1053w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   IOTA 24-hour price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">As for the technical indicators, they have an overall sentiment of ‘buy’ at 10, with moving averages tilting towards ‘buy’ as well at 9. Oscillators are ‘neutral’ at 9.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="227" src="https://cdn.thebittimes.com/images/2024/01/25/ac1d0e778c0700e48c29a0ea84957f27.webp" alt="Technical analysis of IOTA. Source: TradingView" class="wp-image-151199" srcset="https://cdn.thebittimes.com/images/2024/01/25/ac1d0e778c0700e48c29a0ea84957f27.webp 1024w, https://cdn.thebittimes.com/images/2024/01/25/ac1d0e778c0700e48c29a0ea84957f27.webp 300w, https://cdn.thebittimes.com/images/2024/01/25/ac1d0e778c0700e48c29a0ea84957f27.webp 768w, https://cdn.thebittimes.com/images/2024/01/25/ac1d0e778c0700e48c29a0ea84957f27.webp 1523w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Technical analysis of IOTA. Source: TradingView
  </figcaption>
 </figure>
 <p class="paragraph">With the recent surge in <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>, technical indicators and chart patterns seem swayed in IOTA’s favor. Whether the recently announced innovations will propel the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of this digital asset even further remains to be seen.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/iota-price-prediction-after-huge-24-hour-gain-tbt77726.html">https://thebittimes.com/iota-price-prediction-after-huge-24-hour-gain-tbt77726.html</a></p>

IOTA price prediction after huge 24-hour gain

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