- IOTA breaks key technical patterns with solid volume support, pointing to bullish shifts.
- Price is holding firm above 9 EMA ($0.1907) and 50 SMA ($0.1865).
- Resistance between $0.200–$0.205 is the next test, breakout could lead to $0.215.
IOTA has broken out of a multi-week falling wedge pattern, signaling a possible shift in short-term trend. Price and volume are both showing strength.
Buyers Return as IOTA Breaks Out
IOTA has officially broken out of a falling wedge pattern on the 4-hour chart, a structure known for signaling bullish reversals. After weeks of lower highs and narrowing lows, the breakout came with strong intent and rising volume, pointing to renewed interest from buyers.
Alpha Crypto Signal on X highlighted that IOTA has just pushed past the wedge resistance and is now trading above the 9-period EMA at $0.1907 as well as the 50-period SMA at $0.1865. This is a positive sign that the momentum could be building.
If IOTA breaks resistance at $0.205, it could pave way toward $0.215 as long as the price holds above the key support at $0.186.
Volume Surge Adds Confirmation
This breakout wasn’t just a chart pattern — it was backed by solid market activity. On September 10, IOTA’s market cap jumped from just below $740 million to nearly $790 million in less than a day. The biggest wave of buying came in the late morning and afternoon, as bullish momentum really started to build.
That kind of volume spike often acts as a confidence booster, showing that traders are willing to back the breakout with capital. While there’s been a slight pullback from the peak, the structure remains strong. IOTA is still trading comfortably above the key EMAs, which now serve as dynamic support levels.
So far, short-term bias remains in favor of buyers. As long as volume holds and IOTA remains above $0.186, the setup points to further upside.
What to Watch Moving Forward
All eyes are now on the $0.200–$0.205 range. If IOTA can push through with solid volume, the next logical target is $0.215. A rejection at that resistance, however, could see the price return toward $0.18.
Traders are watching daily closes and volume closely. The breakout is promising — but it still needs follow-through to prove it’s more than just a false start.
