IOTA Price Skyrockets: The Hidden Catalysts Behind Today’s Surge
IOTA isn't just moving—it's mooning. Here's what's fueling the rally no one saw coming.
### Partnership Power Play
A major enterprise adoption deal just hit the wires. Think supply-chain giants and IoT heavyweights—exactly the niche IOTA's DAG tech was built for.
### Short Squeeze Fireworks
Bearish traders got caught napping as buy orders piled up. The resulting squeeze sent prices through key resistance levels like a hot knife through butter.
### Mainnet Upgrade Hype
Developers dropped a surprise announcement about sharding capabilities going live Q3. Suddenly every crypto fund manager 'always believed' in Tangle architecture.
Will it last? Who knows. But for now, even the Wall Street suits are pretending to understand distributed ledgers.
IOTA price technical analysis
The daily chart also shows that the IOTA price rebounded after forming a double-bottom pattern at $0.1413 and a neckline at $0.2735. A double bottom is one of the most bullish patterns in technical analysis.
IOTA has moved above the 50-day and 200-day moving averages, while the Average Directional Index shows that the trend is strengthening.
Therefore, the token will likely continue rising as bulls target the neckline at $0.2735. A break above that level will point to more gains, potentially to $0.50.
