Market Overview: IOST/Tether (IOSTUSDT) – October 11, 2025 (24-Hour)

• IOST/Tether traded with a sharp intraday selloff before a modest recovery at the close.
• Key support found around $0.00215–0.00220, while resistance appears at $0.00225–0.00230.
• Volatility spiked during the session with large range bars, but buying interest emerged at lower levels.
• Overbought RSI levels were seen in early morning, followed by a bearish divergence later in the day.
• Volume was unevenly distributed, with heavy selling observed between 19:00 and 21:00 ET.

IOST/Tether (IOSTUSDT) opened at $0.00292 on October 10 at 12:00 ET and reached a high of $0.002946 before trending lower to a session low of $0.001563 on October 11 at 21:30 ET. The pair closed at $0.002405 as of 12:00 ET October 11. Total volume across the 24-hour window was approximately 982,456,818 tokens, with a notional turnover of $2,458,315 (IOSTUSDT).

Structure & Formations

The IOST/Tether pair displayed a bearish breakdown from a prior consolidation range before a recovery attempt in the final hours. A significant bearish engulfing pattern formed around 19:30 ET when the price dropped from $0.002884 to $0.001563—indicating strong bearish momentum. Later, a bullish reversal pattern emerged around 10:30 ET, with a strong move from $0.002339 to $0.002455. This suggests possible short-term support at $0.00240–0.00245.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs trended downward after the major selloff, with price struggling to close above the 50 SMA for much of the session. The 200-period daily SMA appears to act as a long-term resistance level, currently at approximately $0.00245. Price retesting of the 50 SMA could signal a potential reversal if bulls manage to push above it.

MACD & RSI

The MACD showed a bearish crossover in the early part of the session, with the histogram shrinking as the selloff progressed. RSI reached overbought territory at $0.002455 before trending sharply lower into oversold conditions, signaling a potential exhaustion in the bearish move. A bearish divergence was observed in the RSI between 03:00 and 07:00 ET, which may have contributed to the subsequent bounce. Investors should watch for a confirmation of a bullish crossover in the MACD to signal a possible reversal.

Bollinger Bands

Volatility spiked sharply during the breakdown from $0.002884 to $0.001563, with price dropping well below the lower Bollinger Band. The contraction in the bands before the drop suggests a period of consolidation followed by a breakout. Price later tested the upper band in the late morning and afternoon, but failed to maintain a strong break above, suggesting the upper band remains a meaningful resistance level. A sustained move above this level could indicate a new bullish phase.

Volume & Turnover

Volume spiked dramatically during the selloff phase, particularly around 19:30 and 21:00 ET, confirming the bearish move. However, in the final 4–5 hours, volume increased again as price recovered from $0.002268 to $0.002455, indicating renewed buying pressure. Notional turnover mirrored this trend, with the highest turnover observed during the sharp downward move. The divergence between volume and price during the early morning suggests a weakening bearish momentum.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key daily swing from $0.002941 to $0.001563, the 61.8% level (~$0.002270) coincided with a strong rebound around 10:30 ET. This level appears to have acted as a psychological floor for buyers. On the 15-minute chart, the price has tested the 38.2% and 50% retracement levels of the morning rally, with a potential 61.8% retracement level (~$0.002445) looming as a potential area of resistance ahead.

Backtest Hypothesis

A potential backtesting strategy could involve a trend-following approach based on the 50-period and 200-period SMAs. A long entry could be triggered when price closes above both averages with a bullish MACD crossover, while a short entry could be initiated when price closes below both with a bearish crossover. A stop-loss could be placed at the nearest Fibonacci support or resistance level. Given today’s price action, the recent bounce from $0.002270 appears to confirm such a strategy’s potential viability, assuming the trend is expected to continue.