IOTA price indicates demand near $ 0.17, amid recent gains - CoinJournal


- IOTA is trading above $ 0.16, sitting above a meaningful level and likely to continue climbing.


However, the #token is still within a larger descending triangle.


A break above $ 0.17 would signal further growth, while a fall could lead to $ 0.14.


Over the past 24 hours, the #IOTA token has risen about 8% to above $ 0.16 amid a new bullish momentum in the cryptocurrency market.


According to CoinMarketCap, IOTA's daily trading volume #rose 55% to over $ 17.3 million, hinting at potential demand for the token.


It is important to note that this upward movement coincides with a broader rally in the altcoin market, which could signal a new round of IOTA price appreciation.


As mentioned above, the crypto market has seen a significant rally in #altcoins , and IOTA is among the leaders.


In the last 24 hours, the price of IOTA has approached $ 0.17, reaching the level seen on June 17, 2025.


IOTA's 8% growth rate, however, has outpaced most of the top 10 altcoins, indicating strong market confidence in its near-term potential.


In comparison, the leading altcoins grew by 4-8% overnight.


Ethereum added 6% to trade around $ 2,600 on Wednesday, while Solana (SOL) rose 4% to $ 156. XRP also rose 4% to $ 2.28.


Dogecoin rose 8% to $ 0.17, and Cardano climbed 8.5%, trading above $ 0.60. Sui was among the leaders, soaring more than 11%.


IOTA's growth comes as the blockchain platform unveiled the IOTA Notarization toolkit.


This toolkit leverages IOTA's Rebased network update, reducing transaction fees to 0.005 IOTA and providing a scalable, tamper-proof record of data.


This is different from traditional notarization on the blockchain, where the cost per record is $ 0.05-$ 1.00.

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July 03, 2025 at 4:50 PM
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