IQ/Tether (IQUSDT) Market Overview for 2025-11-13

Summary
• Price opened at $0.002224 and closed at $0.002201 within 24 hours.
• Volatility expanded during the session, with a high of $0.002279 and low of $0.00216.
• Volume surged past 50 million at peak, though price reversed from resistance.

IQ/Tether (IQUSDT) opened at $0.002224 on 2025-11-13 at 12:00 ET–1 and closed at $0.002201 by 12:00 ET. The price reached a high of $0.002279 and a low of $0.00216, with a total volume of 134,895,994 and a turnover of approximately $297,761. The pair remains in a volatile trading range, reflecting mixed sentiment and active order flow.

Structure & Formations

The price has shown a clear tug-of-war between buyers and sellers. A strong bearish reversal is visible from the $0.002279 high, where prices reversed sharply in a bearish engulfing pattern around 11:30 PM. This pattern is often a precursor to downward momentum. The $0.00223 and $0.002205 levels are key resistance and support, respectively, and appear to be critical for near-term direction.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in a bearish crossover, suggesting short-term downward bias. The daily chart shows the 50-period MA above the 200-period MA, indicating a mixed to neutral trend. Investors are watching for a potential break below the 50-period MA as a confirmation of a deeper correction.

MACD & RSI

The MACD has shown a bearish crossover early in the session, with the histogram narrowing as prices consolidate. The RSI has bounced slightly above oversold territory but remains below 50, showing ongoing bearish momentum. A sustained move above 50 would indicate a potential reversal, but for now, bearish conditions dominate.

Bollinger Bands

Volatility has expanded, with prices trading near the upper and lower bands at different times. A notable bounce off the lower band at $0.00216 suggests potential oversold conditions, though it's yet to be confirmed with higher volume or a breakout.

Volume & Turnover

Volume was highest during the late-night and early-morning session, coinciding with the bearish engulfing pattern. Notional turnover peaked around $0.002279 and again at $0.00216. The divergence between volume and price—particularly a sharp drop in volume during the afternoon—suggests a potential pause in conviction.

Fibonacci Retracements

The 61.8% retracement level of the most recent bearish leg is at $0.002189, which has held as a key support. A break below $0.00216 would trigger the 78.6% level at $0.002135. On the upside, the 38.2% retracement at $0.002235 has been tested multiple times, suggesting resistance could harden at this level.

Backtest Hypothesis

Given the bearish engulfing pattern identified in the late-night session, a backtest using a 3-day short-holding strategy could be initiated. A trade entry could be triggered at the close of the engulfing pattern candle (around 11:30 PM) with a stop-loss above the high of $0.002279. A target could be set at the 61.8% Fibonacci level of $0.002189, with a tighter stop to capture potential downside. This would allow for a risk-reward ratio of approximately 1:1.5, assuming the current trend holds.