IOTA Surges Significantly – Will Bulls Target the $0.16 Resistance Level?
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
IOTA's Bullish Breakout: IOTA has broken out of a falling wedge pattern, indicating potential bullish momentum after a prolonged period of decline and sideways trading.
Growth in Total Value Locked (TVL): The TVL in IOTA surged from nearly zero to $18 million, reflecting increased user activity and engagement with its DeFi features.
Surge in Developer Activity: Developer activity on IOTA has increased by 272%, suggesting a growing community and ongoing improvements to the platform, which may lead to new features and updates.
Market Structure and Resistance Levels: IOTA is currently trading below key moving averages, with the potential to test resistance levels around $0.155–$0.160 if it maintains momentum above the wedge pattern.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






