- IOTA has broken out of a falling wedge pattern,and is showing bullish signs after a long period of decline and sideways trading.
- The total value locked (TVL) in IOTA rose to $18 million from almost nothing, indicating more users and growing activity.
- Due to a stronger community and ongoing updates to improve the platform, developer activity on IOTA increased by 272%.
After breaking out of a falling wedge pattern IOTA is showing signs of recovery. This comes after weeks of little movement and could signal a short-term change in direction.
Breakout from Wedge Signals Early Bullish Momentum
According to analysis by Alpha Crypto Signal noted, IOTA broke out of a falling wedge on the lower timeframe. The breakout came after a long downtrend and could mark a shift in market structure.This pattern is often a bullish reversal pattern.
IOTA is trading just below key moving averages. Holding above the wedge and reclaiming the 50 SMA at $0.1456 is important for continued strength .
The chart also shows a descending triangle pattern. If IOTA pushes above the upper trendline with volume, it may test the $0.155–$0.160 zone. If not, the move could lose strength.
IOTA TVL Sees Strong Growth Since Mid-July
Data from DeFiLlama shows a sharp rise in IOTA’s Total Value Locked (TVL) starting in mid-July. It jumped from near zero to over $6 million, peaking close to $18 million in August.
TVL stayed steady between $14 million and $18 million during August and September. This means people are actively using IOTA’s DeFi features, likely thanks to new protocols or staking rewards.
Mid-October, TVL dropped below $15 million but remained stable, but as long as it stays above $12 million, the ecosystem is growing well.
Developer Activity Jumps Over 270% in Weeks
IOTA also saw a 272% rise in development activity. This points to a growing developer base and active project updates. The activity score now stands at 74.5.
The increase may be tied to upgrades, new tools, or better platform integration. IOTA’s tech is built for real-world use, especially in IoT systems.
More activity often means new releases or features are on the way. This growth in development adds strength to IOTA’s long-term roadmap.
