Market Overview for IOTA/Tether (IOTAUSDT) – 2025-10-30

• IOTA/Tether (IOTAUSDT) dropped 5.4% over 24 hours, breaching key support near 0.1405.
• Volatility spiked in midday ET as price plunged to 0.1364 amid heavy volume.
• Momentum weakened with RSI below 30 and MACD bearish divergence.
• Bollinger Bands widened, indicating a possible continuation of the downward trend.
• Volume remained elevated during the selloff, confirming bearish conviction.

24-Hour Summary and Opening Context

IOTA/Tether (IOTAUSDT) opened at 0.1444 on 2025-10-29 at 12:00 ET and closed at 0.1392 by 12:00 ET on 2025-10-30. The price reached a high of 0.1474 and a low of 0.1364, reflecting a volatile session. Total trading volume for the period was 11,218,186.0, with a notional turnover of $1.58M.

Structure & Formations

The price structure over the past 24 hours showed a strong bearish bias, with IOTAUSDT falling below the 0.1423 support level and forming a long lower shadow on the key candle near 18:45 ET on the 15-minute chart. A breakdown of 0.1405—previously acting as a key support—confirmed bearish momentum. A potential head-and-shoulders pattern has begun to emerge, with the neckline forming at ~0.1380.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both below current price levels, reinforcing the downtrend. On the daily chart, the 50-period MA is below the 100- and 200-period lines, indicating a medium-term bearish bias.

MACD & RSI

The 15-minute MACD has shown bearish divergence in the last four hours, with the histogram shrinking as price continues to drop. The RSI fell below 30 during the sharp decline to 0.1364, signaling oversold conditions, though this does not necessarily imply a reversal. A sustained move above 0.1405 could trigger a temporary bounce.

Bollinger Bands

Volatility expanded significantly during the selloff, with the lower band falling to ~0.1350. Price currently sits just above the lower Bollinger Band, suggesting increased bearish pressure. A further breakdown below this level may lead to a test of the 0.1320 psychological floor.

Volume & Turnover

Trading volume spiked during the selloff, particularly between 18:45 and 19:45 ET, confirming the bearish move. Notional turnover also surged during this period, indicating strong distribution or hedging activity. Divergence in volume was not observed; price and volume remain aligned.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.1474 to 0.1364, the 61.8% retracement level sits at 0.1422, near the initial breakdown level. On the daily chart, the 38.2% retracement of the broader bearish leg aligns with the 0.1400–0.1405 zone, which has now been broken.

Backtest Hypothesis

A meaningful backtest of a potential support-based strategy for IOTA/Tether requires precise parameters. For instance, if 0.1405 is treated as a fixed support level and used as the buy trigger, a signal would have been generated on the 15-minute chart as the price briefly bounced around that level earlier in the 24-hour period. However, the subsequent breakdown suggests that 0.1405 may no longer be a reliable level for future bounces.

If we assume a “buy on a close above support” and an exit rule of “hold until break-even,” the backtest could be run from 2022-01-01 to the present. The strategy would then test whether entries at 0.1405—once a strong floor—can still offer positive expectancy. A more robust setup may include a confirmation candle or volume-based filter to avoid false signals.