Market Overview for IOST/Tether (IOSTUSDT) – 2025-11-04

Summary
• IOST/Tether traded in a tight range, with price consolidating around 0.001975–0.002030.
• Momentum waned as RSI hovered near neutral, with no clear overbought/oversold signals.
• Volatility remained subdued with moderate turnover, no large divergence between price and volume.

Price Action and Key Levels

IOSTUSDT opened at 0.001993 on 2025-11-03 at 12:00 ET, reaching a high of 0.002035 before closing at 0.001975 on 2025-11-04 at 12:00 ET. The pair traded within a range of 0.001941 to 0.002035 over the 24-hour period, with total volume of 120,448,988.0 IOST and turnover of $241,133.48. Support levels were identified at 0.001962 and 0.001941, while resistance emerged at 0.002010 and 0.002030. A key bearish engulfing pattern formed near 0.002030, signaling potential reversal.

Technical Indicators and Trends

The 15-minute chart shows IOSTUSDT trading below both 20-period and 50-period moving averages, suggesting a short-term bearish bias. The daily chart places the price below the 50, 100, and 200-period MAs, reinforcing a downtrend. MACD showed weak bearish momentum with no clear divergence. Bollinger Bands displayed moderate volatility with price hovering near the mid-band, indicating indecision.

Volume and Momentum

Volume increased significantly in the late afternoon to early evening, coinciding with a sharp move from 0.002030 to 0.001960, confirming bearish momentum. No divergence between price and volume was observed. The RSI remained near 50, with no clear overbought or oversold signals. Fibonacci retracements from the 0.002035 swing high showed 61.8% support at 0.001954, where the price found temporary support.

Backtest Hypothesis

The backtest strategy aims to identify entry points based on the 14-period RSI for IOSTUSDT. However, the symbol format “IOSTUSDT” appears to be unrecognized by the data provider, likely due to exchange-specific conventions (e.g., BINANCE: IOSTUSDT, GATE: IOST_USDT). To proceed, the exact exchange and symbol format must be confirmed. Alternatively, if RSI data or price levels are available, the backtest can be initiated directly. Once resolved, the RSI will be used to flag overbought (>70) and oversold (<30) conditions, with entries triggered accordingly for a full backtest from 2022-01-01 to present.

IOSTUSDT may find short-term support at 0.001962 and resistance at 0.002010. A breakdown below 0.001941 could extend the downtrend.