Market Overview for IOTA/Tether on 2026-01-04

Summary
• IOTA/Tether tested $0.0935 support before rebounding to $0.0996, forming a bullish engulfing pattern.
• Momentum surged with RSI rising above 60, indicating growing bullish pressure.
• Volume spiked over 1.8M at 03:15 ET, aligning with a $0.0966 close and strong follow-through.
• Bollinger Bands expanded post-03:00 ET, signaling heightened volatility during the breakout.
• Price found near-term resistance at $0.1005 and Fibonacci 61.8% level, with consolidation expected.

At 12:00 ET-1, IOTA/Tether (IOTAUSDT) opened at $0.0932, reached a high of $0.1028, touched a low of $0.0928, and closed at $0.0996 by 12:00 ET. Total volume for the 24-hour window was 14,724,899.0 IOTA, with notional turnover of $1,436,731.21.

Structure & Formations

IOTA/Tether displayed a clear bullish reversal after hitting a multi-hour low at $0.0928. A strong engulfing pattern emerged near the $0.0940 level, reinforcing a shift in momentum. Key support was identified at $0.0935, with resistance forming around $0.1005 and $0.1021. A doji appeared at $0.1001, signaling short-term indecision ahead of a potential breakout.

Moving Averages and Momentum

The 5-minute 20-period moving average crossed above the 50-period line around 02:45 ET, supporting a bullish bias. MACD showed positive divergence during the rally from $0.0940 to $0.0996, with the histogram expanding. RSI climbed above 60, suggesting moderate overbought conditions, but has not yet reached extreme levels.

Volatility and Volume

Bollinger Bands expanded significantly after 03:00 ET, coinciding with a breakout above $0.0966 on high volume. Volume spiked over 1.8M at 03:15 ET, confirming the move. Notional turnover surged alongside the price rise, with no significant divergence between price and volume.

Forward Outlook and Risk

IOTA/Tether appears to be consolidating near $0.0996 ahead of key resistance at $0.1005 and $0.1021. A close above $0.1005 could target $0.1028, but failure to hold above $0.0985 may lead to retesting of $0.0972. Traders should remain cautious for a pullback or sideways consolidation ahead of the next 24-hour period.