- EU blockchain phase completion, Eviden partnership, and BuildSphere events highlight IOTA’s institutional traction and IoT ecosystem development.
- Price within $0.158–$0.185 support zone; potential bullish reversal forming, contingent on confirmation via Elliott Wave and channel breakout.
IOTA is currently trading at $0.1698, showing a minimal intraday change of +0.02%. The token has had a difficult period recently, with a 25.22% drop over the last month and a 55.39% loss in the past six months.
Year-to-date performance is also weak at -39.43%, and the coin remains significantly below its all-time high of $6.61, reflecting a long-term decline of over 72%.
Despite its price struggles, IOTA has maintained a presence in ecosystem development. Recently, it held a Twitter Space event (May 27), part of ongoing community engagement and transparency initiatives.
Earlier this year, IOTA completed the EU blockchain pre-commercial phase, suggesting increased traction with institutional adoption in Europe. Partnerships like the one with Eviden, and discussions in BuildSphere events, reflect IOTA’s continued push toward IoT and enterprise integration.
Our Web3 Identification Solution, developed with @walt_id, @IDnow, @Bloom & @HAVN_network, is featured in the 2nd cohort of the European Blockchain Sandbox by the @EU_Commission.
A big step for innovation in Web3 KYC!#IOTA https://t.co/O1P6oUAgYY— IOTA News (@iotatokennews) May 2, 2025
ETHNews technical analysis suggests the price is sitting within a historically significant support zone between $0.158 and $0.185. Some analysts foresee a potential bullish reversal if this zone holds.
Others are more cautious but still anticipate a return toward the December 2024 highs, should broader market conditions improve. Patterns like channel formations and Elliott Wave counts imply that if momentum shifts, IOTA could be poised for a notable upside move—although confirmation is still lacking.
