IOTXJPY Plunges 50.36% Within 24 Hours as Intense Selling Persists

On September 6, 2025, IOTXJPY saw a steep drop of 50.36% over the last 24 hours, bottoming out at $3.77. This significant decline ranks among the largest single-day losses for the token in recent times, occurring during a period of persistent downward pressure across the broader market. In the past week, IOTXJPY has fallen by 810.28%, with monthly and yearly losses at 753.69% and an astonishing 3101.8% respectively. These statistics illustrate a sustained bearish phase, showing minimal signs of an imminent turnaround.

The ongoing decline seems fueled by negative investor sentiment and waning momentum, as IOTXJPY has repeatedly failed to recover crucial support levels. Experts believe these conditions may continue as long as resistance barriers remain unchallenged and there is a lack of buying interest. Without notable project milestones or positive movements in the wider market, the token appears unlikely to see an immediate shift in direction.

Technical analysis further supports the bearish outlook. IOTXJPY is trading significantly below its 200-day moving average, which is generally interpreted as a sign of a persistent downtrend. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicate continued weakness, with bearish divergences suggesting the downward pattern could persist until a clear reversal emerges. The MACD remains below zero, and the RSI has yet to enter oversold territory, indicating ongoing selling pressure or a shift of capital away from the asset.

In response to these conditions, a backtesting approach has been introduced to evaluate possible trading strategies. This approach is built on a long-term trend-following system that relies on moving average crossovers and RSI divergence to trigger buy and sell actions. The strategy’s objective is to take advantage of extended trends and control risk through predetermined stop-loss and take-profit rules.