IOTA Stumbles Post-Rebased Upgrade—Dead Cat Bounce or Legit Recovery?

IOTA’s price wobbles like a crypto intern on their third espresso after the much-hyped Rebased upgrade. Traders are now split: Is this a temporary dip or the start of another ’buy the rumor, sell the news’ circus?

The upgrade promised scalability fixes and smoother transactions—because apparently ’feeless’ wasn’t compelling enough for the market. Meanwhile, Bitcoin maximalists are smugly sipping their overpriced artisanal coffee.

Watch the $0.20 level. Break that, and we’re either witnessing a fire sale or yet another ’strategic accumulation phase’ (aka bagholders praying).

IOTA price technical analysis

The daily chart shows that IOTA was trading at $0.200 on Monday, down from $0.2415 last week. It is currently consolidating around the 100-day moving average, while the Relative Strength Index and broader altcoin sentiment have pointed downward.

IOTA’s volume has also declined significantly, suggesting it may be in the accumulation phase of the Wyckoff Theory. Additionally, the chart is forming a small bullish flag pattern.

Therefore, the token will likely attempt a bullish breakout later this week. If this happens, the next target will be the March 2 swing high at $0.3143.