In recent weeks, the IoTeX (IOTX) token has shown strong growth in both price and trading activity on decentralized exchanges.
Price Rally and Technical Setup
On July 30, 2025, IoTeX (IOTX) rose more than 25% after breaking out of a consolidation phase. This increase occurred during a broader market correction affecting many cryptocurrencies. Analysts noted that the breakout followed a symmetrical triangle pattern, often seen before sharp price movements. 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, representing a 21.41% increase from the current level near $0.0295.
Growth in DEX Trading Volume
Token Headline analytics reported a 569% rise in IoTeX’s DEX trading volume over the past 30 days, bringing the total to $20.9 million. This placed 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.
Future Prospects and Conclusion
The expanding activity in the ecosystem may contribute to sustained momentum in both price and market participation. Attention from traders and analysts is focused on how the technical setups will affect future price movements.
IoTeX is showing increased market interest and activity, which may indicate potential for further development.
