Market Overview: IOTA/Tether (IOTAUSDT) - 24-Hour Breakdown

• IOTA/Tether fell from a 24-hour high of $0.175 to a low of $0.142, closing at $0.145 with bearish momentum.
• A sharp 15-minute candle gapped down to $0.158, indicating potential bearish exhaustion or panic selling.
• Volatility surged early in the session, with a massive volume spike of 5,657,353 IOTA, but later normalized.
• RSI and MACD both showed bearish divergence, suggesting pressure to continue the decline.
• Bollinger Bands showed a contraction after the large down move, hinting at a potential rebound or sideways consolidation.

IOTA/Tether opened at $0.1733 on 2025-10-10 at 12:00 ET and fell to a low of $0.142 before recovering slightly to close at $0.145 by 12:00 ET on 2025-10-11. The pair traded in a bearish channel, with a total traded volume of 65,982,071 IOTA and a notional turnover of approximately $9,291,666, reflecting heightened activity and volatility during the session.

The candlestick pattern formed during the session showed a classic bearish breakdown, with a large down gap followed by a consolidation phase. A 15-minute candle at 22:30 ET gapped down to $0.158 and closed at $0.1309, suggesting strong bearish sentiment. This move was confirmed by a large volume of 13,438,513 IOTA and a sharp drop in price. A potential support level appeared at $0.140–0.142, as the price bounced multiple times in that range during the latter half of the session. A key resistance level appears at $0.172–0.174, where the price struggled to break through after the initial decline.

MACD lines showed a bearish crossover with the signal line, indicating declining momentum and a potential continuation of the downtrend. The RSI dropped below 30, entering oversold territory, but did not trigger a strong bounce, suggesting possible bearish exhaustion or lack of short-term buyers. Bollinger Bands constricted after the sharp move down, indicating a possible shift in volatility or a potential breakout attempt. A 20-period moving average on the 15-minute chart showed a strong bearish bias, while the 50-period moving average was also in a downward trend. The 50-period daily moving average sits above $0.175, reinforcing the bearish narrative if the price remains below that level.

A Fibonacci retracement analysis from the high of $0.175 to the low of $0.142 revealed the price currently rests near the 61.8% level at $0.155, a key psychological threshold. If this level fails to hold, the next support is expected at the 78.6% level around $0.147. A potential bounce from the 61.8% level could see a retest of the 50% level at $0.158, but given the bearish MACD and RSI divergence, a break below $0.140 could bring further selling pressure.