Market Overview for IOTA/Tether (IOTAUSDT) on 2025-12-18

Summary
• Price tested 0.0902 resistance but retreated, forming bearish engulfing patterns near highs.
• RSI showed bearish momentum divergence with price as IOTAUSDT fell below 50-period MA.
• Volatility expanded late in the session with Bollinger Band width increasing.
• Volume spiked during the 0.0892–0.0902 range, confirming consolidation near key Fibonacci levels.
• Turnover was uneven, with strong buying in early morning ET and fading momentum later.

IOTA/Tether (IOTAUSDT) opened at 0.0889, reached a high of 0.0902, and closed at 0.0885 with a low of 0.0874. Total volume was 9.92 million IOTA, and notional turnover amounted to approximately $896,000.

Structure and Key Levels

The price action revealed a critical 0.0902 resistance level where bearish momentum stalled buying pressure. A bearish engulfing pattern formed as the asset fell back from this level, suggesting near-term exhaustion on the upside. Support consolidation occurred around 0.0885–0.0886, with Fibonacci retracements indicating 38.2% and 61.8% levels aligning with recent lows.

Moving Averages and Momentum

On the 5-minute chart, price closed below the 50-period MA, signaling potential bearish bias. MACD turned negative and flattened, while RSI showed divergence with price during the afternoon, hinting at waning bullish momentum. Daily moving averages suggest a continuation of sideways consolidation.

Volatility and Bollinger Bands

Bollinger Bands expanded during the early morning hours, indicating increased volatility.

Price stayed near the lower band for most of the session, suggesting bearish dominance. Late afternoon saw a mild contraction, which could precede a directional move.

Volume and Turnover

Trading volume remained elevated in the 0.0892–0.0902 range, confirming key resistance testing. However, notional turnover was uneven, with weak buying during afternoon hours. A divergence between price and volume during the decline below 0.0891 suggests caution for further bearish moves.

The market appears poised to test key support levels over the next 24 hours, with potential for a short-term bounce if bulls regain control near 0.0885. Investors should watch for a break below 0.0884 as a possible bearish signal, while a retest of 0.0902 may offer a high-risk entry for cautious longs.