IOTA Price Eyes $2.40 as Falling Wedge Signals a Potential Rebound

IOTA is showing a potential rebound setup on its weekly chart, raising questions about whether the cryptocurrency can recover from its prolonged decline. Trading around $0.0443, IOTA faces several resistance levels before a larger rally toward $2.40 could become realistic. The chart points to a possible recovery through a falling-wedge pattern. However, the bullish outlook remains speculative until buyers push the price above descending resistance and sustain the move. IOTA’s weekly chart outlines several potential upside targets, starting at $0.105.