The cryptocurrency market, particularly IOTA/USDT, has experienced significant movement, reflecting a 13.11% increase in its value within 24 hours. The trading volume for IOTA has surged to 60.41M, indicating heightened investor activity and interest. Technical indicators show the price has surpassed key moving averages, with the MA(7) at 0.3187 and MA(25) at 0.3102, suggesting a bullish trend. However, the MA(99) remains at 0.2924, highlighting potential resistance levels in case of downward pressure.

The token'24-hour high was recorded at 0.3241, with a low at 0.2795, signifying a volatile trading range. Its performance over 90 days shows an impressive gain of 174.30%, aligning with a growing trend in market recovery. However, a 30-day decline of 16.81% indicates that short-term investors should remain cautious of potential pullbacks.

Google Trends reflects an uptick in search interest for IOTA, driven by its tokenomics update, which includes a potential increase in supply. This update raises questions about the long-term value and scalability of the asset, urging investors to conduct due diligence.

Overall, IOTA' current momentum suggests optimism in the short term. However, risks associated with tokenomics changes and the broader market should be considered when formulating trading strategies.

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