- IOTA has announced the release of a fully functional testnet for IOTA 2.0.
- IOT/USD has a potential to retest the psychological resistance of $0.2200.
IOTA has just announced the release of Pollen, the next iteration of its testnet for IOTA 2.0 protocol that will solve scalability and decentralization issues. The architecture of the updated protocol consists of three layers: application layer, communication layer, and a network layer. They will support upcoming features like Tokenization and Scalable Smart Contracts.
Commenting the release, Jakub Cech, Director of Engineering, IOTA Foundation, said:
The community has always been an important part of IOTA’s development. With this release, we look forward to allowing our research and developer community, along with others to test out and validate the Coordicide components. We look forward to continuing to build the future of the IOTA protocol together with the community and our academic partners towards its production-readiness.
IOTA/USD: Technical picture
IOTA hit the intraday high at $0.2164 and retreated to $0.2130 by the time of writing. The coin has barely changed since the beginning of Tuesday and gained over 2% on a day-to-day basis. IOTA is currently the 24th largest digital asset with the current market value of $588 million and an average daily trading volume of $11 million. The coin is most actively traded on OKEx against USDT.
On the intraday chart, IOT/USD is still moving within the upside trend with the local resistance created by a combination of 1-hour SMA1000 and SMA50 on approach to $0.2100. Once it is out of the way, the sell-off is likely to gain traction with the next focus on $0.2040 (the lowest level of the previous day) and $0.2000 followed by the recent bottom at $0.1960.
The intraday RSI points upwards, which means the bullish momentum may gain traction and bring the intraday high back into focus. The next strong resistance is created by 1-hour SMA200 at $0.2178 and psychological $0.2200.
IOT/USD 1-hour chart
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks

Bitcoin recovers above $85,000 while institutional investors offload their holdings
Bitcoin (BTC) recovers slightly and trades around $86,000 at the time of writing on Thursday after falling nearly 15% at one point this week. US President Donald Trump’s ongoing tariff news and falling institutional demand fueled the BTC’s correction.

ONDO Finance partners with Mastercard: Tokenized Real-World Assets to Multi-Token Network
Ondo Finance announces a partnership with Mastercard to bring tokenized Real-World Assets to Mastercard’s Multi-Token Network.. This integration will bring Ondo’s OUSG token to MTN, enabling businesses to access the benefits of tokenized treasuries seamlessly.

Solana Price Forecast: DTCC lists first SOL futures ETF, will it avert $130 breakdown?
Solana price edges higher and trades near $140 at the time of writing on Thursday after tumbling from $172 to $134 this week as FTX estate’s impending token unlock looms ahead despite early gains from a new SOL Exchange Traded Fund listing.

XRP remains in murky waters as SEC drags feet in dismissing its case against Ripple
XRP has witnessed heavy losses since the beginning of the week, dropping nearly 15% as the crypto market stretches its losses. Ripple community members continue to expect an end to the SEC's multi-year lawsuit as the agency closes another investigation.

Bitcoin: BTC demand and liquidity conditions remain weak
Bitcoin price has been consolidating between $94,000 and $100,000 since early February, hovering around $98,000 at the time of writing on Friday. Despite this consolidation, US Bitcoin spot ETFs data recorded a total net outflow of $489.60 million until Thursday, hinting signs of weakness among institutional investors.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.