IOTA currently trades with a market cap of 439.89M, showing strong bullish momentum with 83% of traders holding an optimistic outlook across 49.8K votes.

On the M5 timeframe, a long position has just been triggered following a technical setup. The entry point sits comfortably within a high-volume node, staying clear of weak support zones. Risk management is tight with a 1.05% stop-loss in place.

The uptrend has been consolidating over 293 cycles with an amplitude of 11.84%, indicating steady accumulation pressure. While current profits remain modest, the technical structure suggests the setup is valid—entry timing aligns with support confluence, and the extended uptrend provides directional bias for continuation.