- IOTA has dropped 77% to $0.1800, but strong support at $0.1771 could trigger a rebound toward $0.370 if bullish momentum builds.
- Floki remains bearish, having broken below key support at $0.00009562—next downside target sits at $0.00002620 unless buyers step in.
- HBAR is holding critical support at $0.1840, but a breakdown could send it toward $0.1500, despite potential bullish catalysts like a SWIFT partnership and ETF speculation.
The cryptocurrency market remains under strain this week, with traders wary of recession risks fueled by Donald Trump’s tariff policies. Bitcoin struggles to hold above $90,000, and the crypto fear and greed index has plunged into the extreme fear zone. But where do altcoins like IOTA, Hedera Hashgraph (HBAR), and Floki go from here?
IOTA Price Analysis: Bearish, But A Potential Rebound?
The downward spiral continues for IOTA, which has slumped from $0.6350 (Dec 4) to around $0.1800, a 77% drop. Despite this, eyes are still on the upcoming IOTA rebased upgrade, which aims to introduce features like staking and Ethereum Virtual Machine (EVM) compatibility. No official launch date has been confirmed, but hints suggest it could roll out this quarter or next.
- Technical Outlook:
- The price has crashed below the 78.6% Fibonacci retracement level ($0.2177).
- Trading well below both the 50-day and 100-day moving averages, indicating bearish dominance.
- Support at $0.1771 appears strong, with a double-bottom pattern forming, hinting at a possible recovery.
- If a rebound occurs, $0.370 (50% Fibonacci level) is the key resistance to watch.
Floki Price Forecast: Meme Coin Facing Heavy Selling Pressure
Floki, a crowd-favorite meme coin, has been in freefall since peaking at $0.0003485 in June last year. It formed a head and shoulders pattern, then broke below the neckline at $0.00009562, its lowest level since August.
- Technical Breakdown:
- Price sits below the 50-day moving average, further confirming the downtrend.
- MACD indicator is below zero, signaling weak momentum.
- RSI (Relative Strength Index) has formed a descending triangle and is in oversold territory.
Unless Floki breaks back above $0.00009562, the bearish outlook remains intact. The next level to watch? $0.00002620, its February 2023 low.
Hedera Hashgraph (HBAR) Forecast: Holding Crucial Support, But for How Long?
Hedera Hashgraph (HBAR) has pulled back to a key support level at $0.1840, a price it has held since February. This level also forms the neckline of a head and shoulders pattern, aligning with April 2023’s swing high.
- Bearish Signs:
- HBAR is below the 50-day moving average, confirming selling pressure.
- A break below $0.1838 could accelerate losses toward $0.1500.
- Bullish Catalysts:
- SEC approval odds for a spot HBAR ETF are rising, which could fuel demand.
- Upcoming SWIFT partnership could enhance adoption and network usage.
Final Thoughts: Where Do These Cryptos Go Next?
- IOTA: Has some bounce potential if support at $0.1771 holds.
- Floki: Needs a strong push above $0.00009562 to escape bearish territory.
- HBAR: Holding key support, but a break below $0.1838 could trigger steep losses.
With macroeconomic uncertainty weighing on the broader crypto market, traders should remain cautious, as volatility could remain elevated in the coming weeks.
