- IoTeX DEX trading volume rose 569% reaching $20.9M in 30 days.
- IoTeX price jumped 25% after bullish breakout on July 30, 2025.
- Technical charts project IoTeX price target of $0.0340 from $0.0295
IoTeX (IOTX) has recorded strong price gains and trading activity, drawing attention from traders and analysts. The token has broken key chart patterns, and trading volume on decentralized exchanges has surged in recent weeks.
IOTX Price Rally and Technical Setup
On July 30, 2025, IoTeX (IOTX) rose more than 25% after breaking out of a consolidation phase. The move occurred during a broader market correction that affected many cryptocurrencies. Analysts said the breakout followed a symmetrical triangle pattern, which is often observed before a sharp price move.
As of August 12, 2025, the hourly chart shows IOTX breaking out from a descending channel. This setup projects a price target of $0.0340, which represents a 21.41% increase from the current level near $0.0295. Technical traders are monitoring this closely, as similar chart patterns have matched projected movements in recent weeks.
Growth in DEX Trading Volume
Token Headline analytics reported a 569% rise in IoTeX’s DEX trading volume over the past 30 days. This brought the figure to $20.9 million, placing the project second in percentage growth among tracked blockchains, behind only CELO.
The increase in trading activity is linked to heightened interest following the July breakout and the formation of new bullish technical patterns. Higher volumes indicate that more traders and liquidity providers are engaging with IoTeX on decentralized platforms.
The ecosystem’s expanding activity may be contributing to sustained momentum in both price and market participation.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
