The post Can IOTA Reach $1 in 2025? Bullish Trends Ahead appeared on BitcoinEthereumNews.com.

IOTA is beating the odds and riding the bullish trend in push for $1. With globally recognized collaboration and adoption, IOTA price is generating the relevance to soar in months ahead. The price of IOTA has yet to return to its all-time high (ATH) of $5.69 in this bull market cycle. However, it has benefitted immensely from the associated hype. Given the IOTA price outlook, there is a growing debate about whether the coin can breach the $1 mark next year. The IOTA Price Ambition The IOTA price is in an uptrend, having rallied 8.01% to $0.2769 in the past 24 hours. The coin has recorded intense price swings on different timeframes as it tries to breach the $0.3 resistance zone. Despite the strong selloff at this level, IOTA has bigger ambitions to hit $1. While its year-to-date growth is below par and crests at a high of $0.4195, the current trend signals an impending breakout. In the trailing week, IOTA’s price jumped by 27.14%, with its monthly growth at 144.64%. If this momentum is sustained in the short term, it might breach the $0.4 resistance level.  The IOTA 1W price chart hints that the coin has a Relative Strength Index (RSI) 70. Though oversold, the coin still has a higher bandwidth to expand its rally. IOTA is yet to max out its growth potential compared to its core rivals in the industry. IOTA 1W Price Chart: Source. CoinMarketCap/TradingView The Bollinger Bands indicator also limited volatility, confirming consolidation above the $0.25 floor price. Based on its outlook, several platforms are projecting the future price of IOTA. According to Use The Bitcoin, the IOTA price could hit a high of $4 by the end of 2025. With an average price of $2, the platform teases a worst-case scenario of $0.4 for…

---

Filed under: News - @ December 1, 2024 11:22 am