IOTA Achieves Sovereign Adoption with Taiwan's Official Certificate Issuance on Its Network
Taiwan's Adoption of IOTA: Taiwan's Ministry of Digital Affairs is issuing official certificates on the IOTA Rebased blockchain, integrating it into the national digital policy framework and establishing it as a trusted digital infrastructure for government projects and subsidies.
IOTA Rebased Upgrade: The recent upgrade of IOTA Rebased enhances its capabilities, allowing for over 50,000 transactions per second and supporting state-grade demands for secure verifications, which underpins Taiwan's new certificate system.
Japan's Digital ID Pilot: IOTA technology is also being piloted in Japan for disaster preparedness, enabling verifiable digital identities for access to emergency shelters, showcasing its potential beyond financial applications.
Market Performance: Despite a recent drop in IOTA's token price, technical analysis suggests a potential breakout, with a target price indicating a possible 120.74% increase from current levels.
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Technical Analysis for IOTA
Technical Sentiment Analysis for IOTA (IOTA) As of , IOTA (IOTA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IOTA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, IOTA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
IOTA (IOTA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0464 | 0.0544 | 0.0632 | 0.0712 | 0.08 | 0.088 | 0.0968 |
| Fibonacci | 0.0544 | 0.0608 | 0.0648 | 0.0712 | 0.0776 | 0.0816 | 0.088 |
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