The post Will IOTA Drop 25% or Bounce Back Strong? appeared on BitcoinEthereumNews.com.

IOTA, once hailed for its feeless transaction model and unique Tangle architecture, is now under pressure again. As of June 21, 2025, IOTA price is trading at $0.1608 — close to a major support zone — after weeks of steady decline. The daily chart paints a grim picture for bullish traders unless key levels hold. In this analysis, we explore what the technical indicators reveal, the critical support-resistance areas, and what to expect next based on chart-derived probabilities for IOTA Price Prediction. IOTA Price Prediction: Is IOTA Nearing Oversold Territory? IOTA/USD Daily Chart- TradingView The Relative Strength Index (RSI) currently sits at 31.61, just above the 30-mark that typically signals an oversold condition. For context, the last time RSI dipped below 30 was in early April, followed by a 38% rally in the following 15 days. If history repeats, IOTA price might soon witness a technical bounce. However, this alone doesn’t confirm a bullish reversal, especially with broader weakness still evident. Support Zones: Will $0.15 Hold? Looking at the Fibonacci retracement plotted from the recent swing low ($0.1200) to swing high ($0.2550), IOTA price is hovering near the 0.786 retracement level, which sits around $0.1600. This is a critical line in the sand for bulls. A break below this level could expose the next key support at $0.1450, followed by $0.1200 — the year’s low. Let’s do the math:If IOTA drops from $0.1608 to $0.1450, that’s a potential 9.8% downside. If it slips to $0.1200, the decline widens to 25.38%: Resistance Levels: What’s the Recovery Path? On the upside, immediate resistance lies around $0.1800, which aligns with the 0.618 Fib level. Beyond that, $0.2000 and $0.2150 act as stronger resistance zones based on prior candle bodies and wicks. If buyers reclaim momentum, a rally toward $0.2000 could offer a 24.4%…

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Filed under: News - @ June 21, 2025 5:28 am