IOTA Technical Analysis February 28, 2026: Support and Resistance Levels and Market Commentary

IOTA is being tested around the critical support level of 0.0624 dollars on the daily chart; if this level is broken, bearish momentum may accelerate, but the positive histogram in MACD gives a short-term recovery signal.

Market Outlook and Current Situation

IOTA has fallen to the 0.06 dollar level with a 5.89% decline in the last 24 hours and is moving in parallel with the general market downtrend. On the daily timeframe, the price squeezed in the 0.06-0.07 dollar range shows limited activity with a volume of 7.81 million dollars. This situation indicates that the altcoin market is under pressure from Bitcoin dominance. IOTA remaining below its short-term EMA20 (0.07 dollars) reinforces the bearish short-term trend, while MTF confluences on the weekly chart point to a critical turning point.

As BTC declines by 2.86%, selling pressure in altcoins is increasing, confirming IOTA's trend as downtrend. The Supertrend indicator gives a bearish signal, emphasizing the 0.08 dollar resistance. However, the distribution of 8 strong level confluences seen in recent weeks (1D: 1S/3R, 3D: 1S/2R, 1W: 1S/2R) offers investors both risk and opportunity windows. The absence of significant news flow recently creates an environment where technical factors are in the forefront. In this context, volatility increase is expected for followers of IOTA Spot Analysis.

Daily candle closes show weakness as the price hovers near its 24-hour low of 0.06 dollars, while the overall market sentiment is in the neutral-bearish range. BTC stabilization is essential for an altcoin rally; otherwise, projects like IOTA may face additional pressure.

Technical Analysis: Levels to Watch

Support Areas

The strongest support level stands out at 0.0624 dollars (score: 77/100); this region is strengthened by confluences on the daily and 3-day charts. The price approaching here creates the first test area for a potential bounce. In case of a breakdown, the next supports should be sought at deeper levels, but current MTF data emphasizes the strength of this level. Investors should monitor the recovery scenario from here accompanied by volume increase.

Resistance Barriers

The first resistance is positioned just above at 0.0649 dollars (score: 79/100), followed by 0.0709 dollars (66/100) and 0.0996 dollars (64/100). The 0.08 dollar barrier indicated by Supertrend is critical as a short-term target. Breaking these resistances could open the door to the bullish target of 0.0909 dollars (score:30). However, under downtrend dominance, these levels may trigger selling pressure. These resistances will be decisive in leveraged positions for IOTA Futures Analysis.

Momentum Indicators and Trend Strength

RSI at 39.32 is approaching oversold while moving in the neutral-bearish zone; this is a warning for potential short-term bottom formation. The formation of a positive histogram in MACD signals a hidden bullish divergence in momentum and indicates weakening trend strength. Remaining below EMA20 is bearish short-term, but stability in weekly RSI offers holding potential in the overall trend.

Although Supertrend gives a bearish signal, MTF confluences show decreasing trend strength. The 1S/3R distribution on the daily chart confirms downward pressure dominance, while the 1S/2R structure on 1W preserves long-term recovery hope. The low volume level requires additional confirmation for trend change. Overall, while momentum indicators give mixed signals, the MACD histogram stands out as a notable positive factor.

Risk Assessment and Trading Outlook

The risk/reward ratio is balanced based on the bullish target of 0.0909 (score:30) and bearish 0.0421 (score:22), but the bearish scenario appears more likely due to the downtrend. If the 0.0624 support breaks, the risk of a quick slide to 0.0421 increases; conversely, a close above 0.0649 could target the 0.0709-0.0909 range. With low volatility, sudden BTC movements could be triggers.

Trading outlook is cautious: short-term focus on support testing, long-term wait for MTF confluences. For positions, stop-losses should be placed below 0.0624 and take-profits at resistances. While altcoin weakness continues in the broader market, recovery in IOTA may remain limited without positive news flow. Risk management should be prioritized, as R/R is tilted toward bearish.

Bitcoin Correlation

Bitcoin entering a downtrend at the 63,959 dollar level directly affects altcoins like IOTA; BTC supports will be tested at 62,557, 60,000, and 49,685 dollars, while resistances are at 64,331, 66,250, and 68,166 dollars. BTC Supertrend's bearish signal is blocking the altcoin rally and increasing IOTA's current weakness. If BTC drops below 62,557, IOTA gains momentum toward the 0.0421 bearish target; conversely, stabilization above 64,331 creates an opportunity for IOTA to approach the 0.0709 resistance. With a high correlation coefficient, BTC movements are the main driver for IOTA.