Market Overview: IQ/Tether (IQUSDT) 24-Hour Summary

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• Price drifted higher with a 0.41% gain on the IQ/Tether pair (IQUSDT) amid rising late-session volume.
• Momentum accelerated mid-day before tapering, with RSI hinting at overbought conditions near 70.
• Volatility expanded during the afternoon surge, with prices breaching upper Bollinger Bands twice.
• Volume spiked 3.2x above average during the 20:00–21:00 ET window, confirming bullish follow-through.
• Key resistance emerged at 0.003431–0.003433, which has been tested and stalled price multiple times.

The IQ/Tether pair (IQUSDT) opened at 0.003409 on 2025-09-15 12:00 ET and closed at 0.003424 the following day, reaching a high of 0.003437 and a low of 0.003395. Total volume traded over the 24-hour period was 60.66 million USD, with a notional turnover of approximately $208,500. Price action showed a slow consolidation in the early hours before a sharp rally developed between 19:00 and 21:00 ET.

Structure & Formations

Price tested key support levels at 0.003412 and 0.003407 multiple times, finding temporary buying interest. A bullish engulfing pattern formed at 19:15 ET as the candle closed above the prior bearish shadow. A doji at 20:45 ET suggested indecision before a final push higher. Resistance remains strong at 0.003431–0.003433, where price has failed to hold more than once during the 24-hour window.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed positively in the mid-afternoon, supporting the bullish bias. The 50-period daily MA sits at 0.003419, suggesting further upward momentum could extend beyond the 0.003433 level. However, the 200-period daily MA at 0.003415 remains a long-term floor.

MACD & RSI

The MACD line crossed above the signal line just after 19:00 ET, confirming bullish momentum, with a positive histogram growing through the afternoon. RSI reached 72 by 20:00 ET, entering overbought territory, though it has not yet turned downward. This suggests continued strength but increasing risk of a pullback if buyers fail to push above 0.003435.

Bollinger Bands

Volatility expanded significantly in the late afternoon, with prices breaching the upper band twice and forming a wide range of ~0.000033. The 20-period Bollinger Band width peaked at 1.54% during the 20:00–21:00 ET window, indicating a potential consolidation phase or correction in the short term.

Volume & Turnover

Volume surged above 2 million USD at 20:00 ET, coinciding with a breakout attempt from 0.003425–0.003431. Notional turnover spiked 3.2x above the average of ~$8,500 per 15 minutes, confirming the strength of the late rally. However, volume dipped significantly after 21:00 ET, suggesting a potential loss of bullish momentum.

Fibonacci Retracements

A key 61.8% retracement level from the recent low (0.003395) to the high (0.003437) sits at 0.003424, where price closed. This suggests that the rally may have found short-term equilibrium and that a pullback to 0.003416 (38.2% level) could be a potential support test. Daily Fibonacci levels also align with 0.003407 and 0.003433 as critical inflection points.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions on a bullish engulfing pattern that forms on the 15-minute chart and exits when RSI exceeds 72 without a reversal candle or after a close below the 20-period MA. This aligns with the observed late-afternoon pattern and momentum divergence. A stop-loss could be placed below the most recent support at 0.003412 to manage risk. The current volatility and volume profile suggest this setup could be viable in a trending environment.

Looking ahead, the pair may test 0.003433–0.003435 as a new resistance zone, but overbought RSI and weakening volume after 21:00 ET suggest a possible retracement. Investors should closely watch the 0.003412 level for confirmation of bullish resilience or a shift in sentiment. As always, price can move rapidly, and positions should be managed with clear risk controls.