IOT appears to have one of the most unique implementations within the crypto space with a completely different approach to chain management (the Tangle). From a technical standpoint I can see long term success in this along with the removal of "mining" requirement (mining is done on submission to the chain, each client does 2 computations for 1 instruction). This opens the doorway for Machine-2-Machine implementations quite effectively.
Near term, there appears to be a pennant forming with the 38.2% fib retrace holding strong so far. RSI is still being suppressed and willy21 is inconclusive.