IOTA's price has surged by about 8% in the past 24 hours to break above $0.16, driven by fresh bullish momentum in the crypto market.
The token's trading volume has spiked by 55% to over $17.3 million, indicating potential demand for IOTA.
IOTA's price surge aligns with a broader altcoin rally, with gains outperforming most top 10 altcoins at around $0.17.
Despite positive momentum, IOTA remains within a descending triangle pattern, with a break above $0.17 signaling further gains, while a dip could lead to a retest of support near $0.14.