$IOTA is not breaking out. It is reacting inside a supply-overhang market.

The chart says dead-cat bounce: 4h price is below the 7, 30, and 200 MAs, RSI is soft, and MACD is still negative. The 15m recovery only pushed back into local resistance after a flush. The fresh catalyst matters here: Tokenomist lists the next IOTA unlock for April 29, 2026, released to the IOTA DLT Foundation. That is the kind of near-term supply event that makes traders sell rips instead of chase candles. [oai_citation:1‡Tokenomist](https://tokenomist.ai/iota/updates?utm_source=chatgpt.com)

Bias: Short

Entry: 0.0569–0.0574

SL: 0.0582

TP1: 0.0560

TP2: 0.0552

TP3: 0.0546

Why now: the market already has a reason to hesitate, and the chart has not reclaimed anything important. When a token is trading below all key moving averages with an unlock headline approaching, upside bounces usually exist to give trapped longs a better exit.

The people paying here are not strong buyers. They are late dip-buyers stepping in front of supply. #IOTA #BinanceSquare #TokenUnlock #CryptoSignals