• IOTA faces persistent selling pressure amid a descending pattern.
• Price stabilizes near $0.1434 after sharp weekly declines.
• Key support holds between $0.135 and $0.140 for now.
• RSI and MACD hint at weakening bearish momentum.

IOTA continues its downward trajectory as the broader market remains under pressure. The token has shown little movement in the past 24 hours, maintaining a nearly stable stance after a turbulent week. Over the last seven days, IOTA’s value dropped by 25.13%, highlighting sustained bearish sentiment across its trading activity.

At the time of writing, IOTA is trading at $0.1434, with a 24-hour trading volume of $585.1 million, a sharp 64.74% decline from the previous day. The market cap stands at $32.15 million, signaling weakening liquidity as traders turn cautious. Despite the weak performance, technical indicators suggest the token may be nearing a pivotal point on the chart.

Also Read: IOTA Price Breakout Alert: Analysts Target $0.415 Amid Market Rebound

IOTA Technical Patterns Reflect Weakening Momentum

Chart analysis reveals a descending triangle pattern, a bearish structure typically seen during prolonged downtrends. The resistance line continues to slope downward, connecting a series of lower highs, while the base near the $0.135–$0.140 range acts as a consistent support level. Each test of this range reinforces its significance, as buyers continue to defend it from further breakdowns.

The key support zone between $0.135 and $0.140 has been repeatedly tested since April 2025. A confirmed breach below this range could deepen losses toward $0.120. Conversely, the descending resistance trendline near $0.175–$0.180 is the main barrier to a potential trend reversal.

IOTA’s recent bounce from the $0.081 level reflects renewed buying interest near the bottom. The long lower wick on the recent candle suggests that sellers failed to drive prices lower, and buyers stepped in around the support region. However, the asset remains below the resistance trendline, keeping overall momentum fragile.

If IOTA holds above $0.140, it may consolidate before attempting a breakout. A decisive close above $0.180 could confirm a bullish reversal, paving the way toward the $0.300–$0.350 range. Failure to maintain current support, however, could trigger another decline toward $0.100 or below.

Indicators Signal Early Signs of Stabilization

The RSI is at 27.04, deep in oversold territory, and is bearing a bearish sentiment, though also showing a possible bounce back with a return of buying pressure. Being close to 30 means that the asset is possibly undervalued in the short term and therefore is a key level to look at for a potential change of trend.

Also, the MACD is still lower than the signal line, which is a continuation of bearish pressure. But the histogram depicts shrinking red bars, indicating that the pressure of sales can decline. The shrinking difference between the MACD and the signal line is a sign that a bullish crossover is awaited.

If that crossover occurs and the RSI returns above 30, then that can confirm a temporary recovery. Sentiment is currently cautious, yet signs of stabilization are initiated.

Also Read: IOTA Price Prediction: Strong Momentum Could Push Toward $0.415!