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– 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.

IOTA notarization does not replace your current databases or cloud tools. They are still important for internal operations and privacy, said Lautaro Giambroni, IOTA Product Engineer.

What we offer is a public, verifiable level of trust when data needs to be shared between companies or regulators, he added.

The price of IOTA broke through $0.16 and is now testing resistance at $0.17.

This move positions the token above a key support zone, and market participants are expecting further gains.

A solid break above $0.17 could confirm a bullish trend reversal, potentially targeting $0.20 or higher.

However, IOTA remains within a broader descending wedge pattern on higher timeframes.

On the weekly chart, the Relative Strength Index (RSI) is now approaching neutral territory at around 44, indicating that buying momentum is likely.