IOST Market Overview

Summary
• IOSTUSDT tested resistance at 0.002045 but retreated to 0.001977.
• Strong buying pressure re-emerged near 0.001985, forming a bullish pattern.
• Volume surged at key support and resistance levels, confirming interest.

IOST/Tether (IOSTUSDT) opened at 0.001973 on 2025-11-05 17:00 ET and closed at 0.001956 on 2025-11-06 17:00 ET, with a high of 0.002044 and a low of 0.001960. Total traded volume over 24 hours was 76.79 million IOST, and notional turnover reached $152,100 based on mid-range pricing.

Structure and formations appear to be shaping around a key resistance cluster near 0.002040 and a support zone at 0.001970–0.001980. A bearish engulfing pattern emerged at 0.002015–0.002006, suggesting potential rejection at that level, while a bullish hammer formed at 0.001980–0.001990, indicating possible reversal. A doji at 0.002004–0.002006 further reinforces indecision near that range.

The 20-period moving average on the 15-minute chart is at 0.002005, while the 50-period is at 0.002015. On a daily timeframe, the 50-day MA is at 0.002020, and the 200-day MA is at 0.001995. IOSTUSDT has spent most of the last 24 hours below the 200-day MA, indicating a possible short-term bearish bias, though the 50-day MA crossing below the 200-day MA suggests bearish momentum is strengthening.

IOSTUSDT appears to be in a period of consolidation with respect to Bollinger Bands. Volatility expanded significantly after 03:00 ET as price broke above the upper band at 0.002042 before retracting toward the middle band. Price has since remained within the bands, but the widening of the upper and lower bands points to increasing uncertainty. The current price is trading below the middle band, indicating bearish pressure is still in play.

Volume and turnover spiked at key inflection points, particularly during the 03:00–06:00 ET window, when price moved from 0.002018 to 0.002044. However, volume during the bearish correction from 0.002044 to 0.001960 was relatively lower, suggesting weaker conviction in the downward move. A divergence between price and volume during the bearish leg could indicate exhaustion, potentially setting the stage for a rebound.

Fibonacci retracements on the 15-minute chart show 0.001985 as a key 61.8% level, which has served as a re-entry point for buyers. On the daily chart, the 38.2% level at 0.001992 has acted as resistance multiple times, while the 61.8% level at 0.001972 is showing early signs of support. These levels will likely be tested in the next 24 hours.

The Relative Strength Index (RSI) hovered between 30 and 60 for most of the 24-hour period, suggesting moderate momentum with no strong overbought or oversold signals. A minor dip below 30 around 13:00 ET suggested a temporary oversold condition, but buying pressure returned quickly. MACD, despite data limitations, is expected to have shown a bearish crossover as price retreated from 0.002044 to 0.001972, indicating bearish momentum.

Looking ahead, IOSTUSDT could face renewed selling pressure if it breaks below 0.001970 or retests the 0.001980–0.001990 zone without holding. Conversely, a sustained move above 0.002010 could trigger a retest of 0.002040. However, given the mixed volume and pattern signals, traders should remain cautious and watch for confirmation at key levels.

Backtest Hypothesis
Given the MACD data was unavailable due to a technical issue, a manual backtest strategy is required to validate the effectiveness of a MACD-based system for IOST-USDT. MACD Golden-Cross events—where the MACD line crosses above the signal line—have historically signaled bullish momentum. A complete backtest would need the IOSTUSDT OHLCV data in the correct format (e.g., daily or 15-minute OHLCV) or a known list of Golden-Cross dates since 2022. If such data is provided, I can calculate returns from those signals directly and assess performance metrics such as Sharpe ratio and maximum drawdown. This would allow for a more concrete evaluation of how a MACD-based strategy would have performed on IOSTUSDT.