The IOTA (IOTA) token is flashing bullish signals as the network approaches its highly anticipated Rebased upgrade, a transformative update expected to supercharge the protocol’s performance and appeal to a broader audience.
Currently trading at $0.1670, IOTA is hovering just above its year-to-date low of $0.1360. Despite being over 70% below last year’s high of $0.6375, the technical and fundamental outlook suggests that the token may be gearing up for a major price surge.
🔄 Rebased Upgrade: A New Era for IOTA
Although the official launch date for Rebased hasn’t been confirmed, strong market rumors suggest that the rollout will take place later this month. This upgrade marks a significant shift for IOTA, aiming to transform the platform into a fully decentralized and accessible Layer-1 blockchain.
Key components of the upgrade include:
- Delegated Proof-of-Stake (dPoS): Over 50 validators will secure the network, marking a shift away from the coordinator node model.
- Staking Rewards: Delegators will be able to earn 10% to 15% annually, outperforming major Proof-of-Stake networks like Ethereum and Solana.
- Mysticeti Consensus: The new consensus mechanism is expected to boost throughput to 50,000+ transactions per second, placing IOTA among the fastest blockchains in the space.
- Deflationary Tokenomics: A new fee burning mechanism will be introduced, reducing token supply over time and increasing scarcity.
This combination of decentralization, speed, and staking incentives is expected to reignite interest in IOTA from both retail and institutional investors.
📈 Technical Analysis: Falling Wedge Signals Breakout
From a technical standpoint, the IOTA price chart is showing a rare falling wedge pattern, typically considered a bullish reversal formation.
The wedge is nearing its point of convergence, suggesting a potential breakout in the coming days or weeks. Complementing this setup is a bullish divergence seen in both the Relative Strength Index (RSI) and MACD indicators where these momentum oscillators are rising even as price continues to consolidate.
Such a scenario often precedes a sharp upward movement in price action.
If the breakout materializes, analysts project a target of $0.4175, representing a 150% surge from current levels.
⚖️ Final Thoughts
IOTA’s consolidation phase could soon give way to a powerful move to the upside, fueled by one of its biggest upgrades yet. The Rebased transformation introducing decentralization, higher staking yields, speed, and deflationary mechanics could reposition IOTA as a serious Layer-1 contender in a crowded market.
While traders remain cautious amid broader market volatility, the combination of a rare bullish chart pattern and strong upcoming fundamentals could make IOTA one to watch in April.
