IOTA price analysis: IOT/USD catapults above $1.72 as the community celebrates Trinity app

IOTA is the market leader with 7% growth.
IOTA Foundation launches wallet app.

Tanya Abrosimova Independent Analyst

IOTA the 9th digital coin by market value is a growth leader today. The coin gained over 7% in recent 24 hours, trading at $1.72 handle at the time of writing. IOT/USD retraced from intraday high reached at $1.73, though the upside momentum is gaining traction.

IOTA's trading volumes spiked on May 29 after IOTA Foundation announced Trinity Mobile Wallet app release. IOTA is most actively traded on Bitfinex against USD with daily volume $30M, which is 30% of the total amount.

Trinity wallet is available in App Store and Google Play. It allows to store seed-phrases and has a super user-friendly interface so that even the least tech-savvy customers could use the app.

IOTA recovered above 100-DMA, currently at $1.6096. This level serves as the first line of support for the coin. Once it is broken, the downside momentum may gain traction and take it towards $1.33 (May 29 low). The ultimate trend breaking resistance comes at $2.0 and $2.2 (that's where 23.6% Fibo retracement intersects with long-term downside trendline and 200-DMA). If the coin manages to break through this strong area, the upside momentum will catapult it towards $2.7790 (38.2% Fibo).

IOT/USD, the daily chart

Author

Tanya Abrosimova

Independent Analyst

Bittensor extends recovery despite retail demand slump

Bittensor, a leading Artificial Intelligence token, is aging up above $190 at the time of writing on Wednesday. Steady price increases characterise the broader crypto market, with Bitcoin holding above $71,000 and Ethereum above $2,000.

XRP rises as ETF inflows persist, but low retail demand may limit recovery

Ripple is gaining upside momentum, trading above $1.40 at the time of writing on Wednesday. The remittance token is rising in tandem with major crypto assets, including Bitcoin, which has crossed above the pivotal $70,000 level, and Ethereum, which is holding above $2,000.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid mixed ETF flows

The cryptocurrency market is showing subtle recovery signs despite heightened global uncertainty following the United States (US) and Israel attacks on Iran and the subsequent retaliations that have morphed into a wider Middle East war.

Renewed ETF inflows send BTC above $71,000, offsetting war uncertainty

Bitcoin price rises by 5%, near the upper boundary of the recent consolidation range. US-listed spot ETFs recorded an inflow of $225 million on Tuesday, marking the second consecutive day of positive flows this week.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.