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Summary
• Price formed a bearish engulfing pattern near 0.001565, confirming a short-term breakdown.
• RSI dropped into oversold territory below 30, suggesting potential for a bounce.
• Volatility increased mid-day, with volume peaking at 7.1 million at 15:00 ET.
• Bollinger Bands widened after 15:00 ET, indicating rising uncertainty in price direction.
IOST/Tether (IOSTUSDT) opened at 0.001564 on 2025-12-16 at 12:00 ET, peaked at 0.001573, and closed at 0.001541 by 12:00 ET the next day. Total volume was 87.1 million, with a notional turnover of $139.9k.

The market appears to be entering a consolidation phase after the sharp sell-off. A retest of the 0.001545 support could trigger further downside, but the RSI suggests a short-term bounce may be in play. Investors should monitor volume behavior for signs of renewed momentum.
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