- As the Rebased upgrade nears, IOTA flashes a bullish signal that could send prices soaring 150%.
IOTA (IOTA) is showing signs of a major breakout as it forms a rare bullish pattern on the charts,. This comes as excitement builds around its upcoming Rebased upgrade. Currently trading at $0.1670—just above its year-to-date low of $0.13. The token is signaling a potential rally that could take it significantly higher in the weeks ahead.
IOTA’s Rebased Upgrade Set to Reshape the Network
The anticipated Rebased upgrade is expected to transform IOTA into a fully decentralized layer-1 network. This will be by introducing a delegated proof-of-stake (dPoS) system with over 50 validators. Though the official launch date hasn’t been announced, industry chatter points to a rollout later this month.
This upgrade is not just technical—it’s strategic. IOTA will introduce staking, offering attractive annual returns of 10% to 15% for delegators. These rewards outpace those from major proof-of-stake networks like Ethereum and Solana, which currently offer lower yields.
The network will also integrate the Mysticeti Consensus, pushing transaction speeds above 50,000 TPS—a major leap over Ethereum’s <50 TPS and Solana’s <3,000 TPS. In a further bullish move, IOTA will implement a deflationary token model by introducing a fee-burning mechanism, effectively reducing the circulating supply over time.
Technical Setup Signals 150% Surge Potential
On the technical side, IOTA is forming a falling wedge pattern—one of the most reliable bullish reversal signals in technical analysis. The two converging trendlines suggest that a breakout is near, possibly fueled by the hype surrounding the Rebased upgrade.
Adding to the bullish case, both the MACD and Relative Strength Index (RSI) have formed bullish divergence patterns, where momentum indicators rise even as price pulls back—often a sign of building strength under the surface.
Should IOTA break out of the wedge pattern, analysts expect it to climb toward the $0.4175 level—its March 2023 high—representing a potential 150% gain from current levels.
With bullish technical patterns aligning with transformative upgrades, IOTA could be on the verge of a significant price breakout. Investors and traders alike will be watching closely as the Rebased upgrade approaches—an event that could redefine IOTA’s role in the crypto space.
