- IOTA is showing bullish technical signals, including a falling wedge pattern and rising trading volume, ahead of its anticipated Rebased upgrade.
- The upgrade promises 15% staking yields, faster transaction speeds, and a deflationary supply model, sparking optimism among investors.
IOTA, the open-source distributed ledger protocol, is showing promising signs of a potential breakout as its long-awaited Rebased upgrade draws closer. Despite trading at just $0.1651—well below its December 2024 high of $0.493—the token’s technical indicators and on-chain developments point toward a possible bullish reversal.
Bullish Patterns Emerge on IOTA’s Chart
On the 24-hour chart, IOTA has formed a falling wedge—a rare but strong bullish reversal pattern. Supporting this outlook is a notable bullish crossover on the MACD, as well as a Relative Strength Index (RSI) rising to 46.32, signaling diminishing bearish momentum. Volume trends also support the case for a breakout, with daily trading activity surging 74.13% to $29.17 million. This renewed interest comes as over 83% of the IOTA community remains optimistic about the token’s short-term price action.
Rebased Upgrade Could Change the Game
Fueling the excitement is the upcoming Rebased upgrade, which aims to transform IOTA into a high-performance, decentralized network. Although an exact launch date hasn’t been confirmed, a governance vote held in December 2024 approved the upgrade, with expectations set for an April rollout.
Key highlights of the upgrade include:
- 15% Annual Staking Yields: IOTA’s delegated Proof-of-Stake (PoS) system will allow token holders to earn significantly higher returns compared to competitors like Ethereum and Solana.
- Blazing Fast TPS: With the introduction of the Mysticeti Consensus, IOTA will be capable of handling over 50,000 transactions per second—vastly outpacing Ethereum’s 50 TPS and Solana’s 3,000 TPS.
- Deflationary Supply Model: The integration of a token-burning mechanism will reduce supply over time, potentially driving up IOTA’s value in the long run.
Community Optimism and Market Momentum Align
Market sentiment is clearly turning in IOTA’s favor. The combination of technical indicators, surging volume, and a supportive community creates a favorable setup for price appreciation. If the network successfully rolls out its Rebased upgrade this month, IOTA could witness a strong upward move from its current lows.
With a more decentralized architecture, attractive staking rewards, and industry-leading speed on the horizon, IOTA might just be poised for a major comeback in 2025.
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