Market Overview for IOTA/Tether (IOTAUSDT) – 2025-09-18

• IOTA/Tether (IOTAUSDT) closed 0.1946 at 12:00 ET, up from 0.1852, with strong upward momentum after breaking 0.1925.
• Price formed a bullish continuation pattern on the 15-minute chart, supported by increasing volume and bullish RSI divergence.
• Volatility expanded as price traded between 0.1851 and 0.1964, with Bollinger Bands widening after a consolidation phase.
• Turnover exceeded $60 million, with the largest volume spike at 03:15 ET driving a 0.1958 high.
• A key resistance at 0.1955 and support at 0.1933 were tested multiple times, with 0.1933 providing solid reentry support.

Price Action and Key Levels

IOTA/Tether (IOTAUSDT) opened at 0.1852 on 2025-09-17 at 12:00 ET, reached a high of 0.1964 on 2025-09-18 at 03:30 ET, and closed at 0.1946 at 12:00 ET. The pair exhibited a bullish bias on the 15-minute time frame, forming multiple bullish engulfing patterns during the early morning hours. Key support levels were identified at 0.1933 and 0.1916, while resistance emerged at 0.1955 and 0.1948. The price found strong support at 0.1933 multiple times, which appears to have consolidated into a short-term floor.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended upwards, indicating a bullish bias in the short-term. The 20-period MA crossed above the 50-period MA at 20:15 ET, signaling a potential golden cross. Meanwhile, the daily chart shows the 50-period MA above the 200-period MA, suggesting a longer-term bullish structure. The 100-period MA is acting as dynamic support near 0.1935, which may be a key level to watch in the near term.

Momentum and Volatility Indicators

The RSI showed divergence in the morning, with price reaching higher highs while RSI failed to, hinting at potential exhaustion in the short-term rally. However, the RSI remained in overbought territory for much of the session, indicating strong demand. MACD remained positive throughout the day, with a narrowing histogram suggesting a slowdown in momentum. Bollinger Bands widened as the price surged past 0.1935, reflecting increased volatility. The price consistently traded near the upper band in the morning, which may signal a continuation or a reversal depending on volume and momentum.

Volume and Turnover Analysis

Total 24-hour volume reached 4,810,100 IOTA, with the largest single 15-minute candle at 03:15 ET showing a volume of 600,134 IOTA and a high of 0.1962. Notional turnover exceeded $60 million, with the majority of volume concentrated in the late night to early morning hours (ET). The price action from 19:00 ET to 04:00 ET was particularly strong, with multiple large-volume bullish candles confirming the breakout from the 0.1935–0.1945 range. However, in the last few hours before 12:00 ET, volume declined slightly, which may suggest a consolidation phase ahead.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 0.1885 to 0.1964, the 38.2% level sits at 0.1939 and the 61.8% level at 0.1913. These levels align with key support zones observed in the data. Additionally, applying retracements to the daily move from 0.1906 to 0.1964 shows the 50% level at 0.1935, which has acted as a psychological pivot point. If the price breaks below 0.1933, a retest of the 0.1916 level becomes more likely, while a retest above 0.1955 could signal a continuation of the bullish trend.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions on bullish engulfing patterns that occur after a price break above the 20-period MA on the 15-minute chart, confirmed by a rise in volume and a divergence in RSI. Stops could be placed just below key Fibonacci support levels (e.g., 0.1933), with targets aligned with 38.2% and 61.8% retracement levels. This approach would aim to capitalize on short-term momentum while managing risk with defined exits. Given the recent price action, this strategy could offer a high-probability entry on the next confirmed breakout above 0.1948, assuming RSI and MACD align with bullish momentum.