Market Overview: IQ/Tether (IQUSDT) on 2025-12-13

Summary
• Price tested key resistance at 0.001730–0.001736, consolidating in the final hours.
• RSI showed overbought conditions near 70, suggesting potential pullback risk.
• Volume increased in the late session, confirming strength but showing no divergence.
• Bollinger Bands widened near the close, signaling rising volatility.
• No major reversal patterns formed, but bullish momentum remains intact.

IQ/Tether (IQUSDT) opened at 0.001717, hit a high of 0.001736, a low of 0.001708, and closed at 0.001737. Total volume reached 20,550,564.0, with turnover amounting to 17,568.93.

Structure & Formations

The 24-hour IQUSDT chart displayed a bullish bias, with a strong rally pushing price above 0.001730—a prior resistance level. A series of higher highs and higher lows emerged in the final 4 hours of the session, with price consolidating near 0.001737. No bearish reversal patterns were evident, though a small doji formed near 0.001737 at 05:15 ET, signaling potential indecision ahead.

Technical Indicators

MACD crossed into positive territory during the late session, supporting the bullish move. RSI climbed into overbought territory near 70, indicating a possible pause or correction ahead.

The 5-minute 20SMA crossed above the 50SMA, reinforcing short-term strength. Daily 200SMA sat well below the current price, suggesting longer-term bullish potential.

Volatility & Bollinger Bands

Bollinger Bands expanded significantly in the final hours, with price touching the upper band during the 04:30–05:00 ET window. Volatility picked up following the breakout of 0.001730, and prices remained near the upper channel, suggesting continued aggressive buying pressure.

Volume and Turnover

Volume and turnover both increased significantly during the 04:00–05:30 ET period, confirming the strength of the recent rally. No notable divergence between price and volume was observed, and turnover remained in line with price direction.

Fibonacci Retracements

On a 5-minute chart, the 61.8% Fibonacci retracement of the previous bearish swing sat at 0.001734, aligning with price consolidation near 0.001737. This suggests the current level may offer short-term support or a pivot zone for continuation. Over the next 24 hours, IQ/Tether may test the 0.001740 level for a potential break, but a pullback to the 0.001725–0.001730 range could offer a more sustainable base. Investors should remain cautious of overbought conditions and potential profit-taking.