Market Overview for IOTA/Tether (IOTAUSDT) – 2025-10-08

• IOTA/Tether consolidates near 0.1840 amid mixed momentum, with a 0.1816–0.1855 trading range.
• Key resistance at 0.1855 and support at 0.1830 identified, with a bullish 15-minute engulfing pattern forming after 09:45 ET.
• Volatility expanded with a Bollinger Band breakout above 0.1845, supported by rising volume in late-night trading.
• RSI remains neutral near 50, but MACD shows narrowing bullish divergence ahead of potential breakout.
• Notional turnover surged past $13.5 million as price tested 0.1855 resistance, with a 0.1843–0.1861 Fibonacci cluster ahead.

IOTA/Tether (IOTAUSDT) opened at 0.1824 on 2025-10-07 at 12:00 ET, reaching a high of 0.1862 before closing at 0.1843 at 12:00 ET on 2025-10-08. The 24-hour range was 0.1816–0.1862, with total volume of 11,416,364.0 units and notional turnover exceeding $2,100,000.

Structure & Formations

Price action for IOTA/Tether shows a consolidation pattern around 0.1840, with a key support at 0.1830 and resistance at 0.1855. A bullish 15-minute engulfing pattern formed on 09:45 ET, suggesting buyers regained control after a brief pullback. A doji appeared at 03:45 ET, signaling indecision amid a pullback from 0.1862. The price found support at 0.1842–0.1845 multiple times, reinforcing a short-term base. A larger bearish engulfing pattern formed on 16:00 ET, suggesting caution around further upward moves.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart are converging around 0.1840–0.1845, indicating a potential equilibrium point for near-term buyers and sellers. On the daily chart, the 50-period MA is at 0.1835, the 100-period MA at 0.1825, and the 200-period MA at 0.1815, suggesting a long-term bullish bias as the price remains above these key indicators.

MACD & RSI

MACD for the 15-minute chart turned bullish after 09:00 ET, with a narrowing histogram indicating decreasing momentum in the bullish trend. RSI remains in the neutral range (48–52), but has shown a slight upward bias in recent hours. A bullish divergence appears in late-night trading, with RSI peaking earlier than price on the 15-minute chart, hinting at possible short-term strength. However, overbought conditions have not yet been reached.

Bollinger Bands

Volatility expanded significantly after 00:45 ET, with price breaking above the upper Bollinger Band at 0.1862 and oscillating within a 0.1820–0.1860 range. The bands are widening on the 15-minute chart, suggesting increased uncertainty and potential for a breakout or breakdown. Price has spent much of the session near the upper band, indicating strong short-term buying interest.

Volume & Turnover

Volume increased sharply in the early hours of 2025-10-08, with a notable spike in notional turnover following the 0.1855–0.1862 price range. The volume on the 15-minute chart exceeded 200,000 units multiple times in the 00:45–03:15 ET window. Price and turnover appear to be aligned in this period, with rising volume supporting higher prices. A divergence in volume appears around 09:00–10:00 ET, where price continued to rise but volume declined.

Fibonacci Retracements

Key Fibonacci retracement levels from the 0.1816–0.1862 swing include 38.2% at 0.1836 and 61.8% at 0.1852. Price has tested the 61.8% level multiple times, with a consolidation forming near 0.1852. The 50% retracement level at 0.1839 has also acted as a minor support. A break above 0.1861 could target the 78.6% level at 0.1859, suggesting limited upside unless volume confirms further buying.

Backtest Hypothesis

A potential backtest strategy could involve a long entry on a bullish engulfing pattern forming above key Fibonacci levels (e.g., 0.1836–0.1852), confirmed by a close above the upper Bollinger Band and rising volume. A stop-loss could be placed below the 0.1830 support with a target of 0.1861. This approach aligns with the observed price behavior and would test the strength of near-term bullish momentum.