IOST/Tether USDt Market Overview for 2025-09-06

• IOST/USDT surged 0.62% over 24 hours, reaching a peak of $0.003246 with strong buying in the early hours of 09/06.
• Momentum picked up post-04:00 ET as RSI crossed 50 and MACD turned bullish, suggesting renewed demand.
• Volatility expanded in the early morning, with Bollinger Bands widening, but volume remained moderate, suggesting mixed conviction.
• A bullish engulfing pattern formed at $0.003231–0.003235, indicating a short-term reversal and potential break of recent support.
• Turnover spiked in two key waves (09/06 02:15 ET and 04:15 ET), aligning with price surges but without significant divergence from volume.

IOST/Tether USDt (IOSTUSDT) opened at $0.003216 at 12:00 ET-1, reached a high of $0.003276, and closed at $0.003237 at 12:00 ET. The total volume for the 24-hour period was 289.1 million IOST, with a notional turnover of approximately $938,970 (at $0.003237). The pair displayed a moderate bullish bias amid mixed momentum signals.

Structure & Formations

Over the 24-hour period, IOST/USDT showed a key support level forming around $0.003231–0.003235, with a bearish breakdown attempt occurring around 05:30 ET. A bullish engulfing pattern emerged at this level, followed by a strong rebound. The price also displayed a small bearish harami near $0.003243–0.003247, signaling caution. A doji formed near $0.003245, indicating indecision amid rising prices.

Moving Averages

On the 15-minute chart, IOST/USDT closed above both the 20 and 50 EMA lines, with a positive cross occurring around 04:15 ET. This suggests short-term bullish momentum. For the daily chart, the 50 EMA crossed above the 200 EMA in the previous week, confirming a broader bullish trend. The price remains above the 100 EMA, supporting the view that the medium-term trend is intact.

MACD & RSI

The MACD crossed above the signal line around 02:15 ET, confirming a bullish divergence as the RSI crossed above 50 and rose to 57.5 by 04:45 ET. However, the RSI did not reach overbought territory (above 70), suggesting that the move may still have room to run. The MACD histogram showed a steady expansion, indicating increasing momentum. There were no strong overbought or oversold signals during the 24-hour period, though the RSI did pull back slightly after peaking.

Bollinger Bands

Volatility expanded significantly between 02:15 ET and 05:15 ET, with the Bollinger Bands widening to accommodate the price swing from $0.003231 to $0.003276. The price traded near the upper band during this period, indicating a strong move. A contraction in the bands occurred after 09:00 ET, suggesting a possible pause in volatility and a potential for a breakout in either direction.

Volume & Turnover

Volume increased steadily through the morning hours, peaking at 4.35 million IOST around 02:15 ET and again at 2.21 million at 04:15 ET. Turnover also aligned with price surges, with the highest notional value of $735,164 recorded at 02:15 ET. The price action and turnover showed strong alignment, with no significant divergence observed. This suggests that the bullish move was supported by genuine buying interest rather than speculative inflows.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute chart shows the price found support at the 61.8% level near $0.003235 before rebounding. A 38.2% retracement level at $0.003244 acted as a resistance-turned-support in the mid-morning hours. On the daily chart, the 50% retracement level aligns with the current price, suggesting that the pair may be consolidating ahead of a potential break in either direction.

Backtest Hypothesis

A potential backtest could involve entering a long position on a bullish engulfing pattern forming near a key support level (e.g., $0.003231–0.003235) and setting a stop loss below the pattern’s low. A take profit could be placed at the 61.8% Fibonacci level or at the upper Bollinger Band. Given the alignment of volume and momentum indicators, this strategy could be tested over a 6–12-hour time horizon. The 15-minute MACD and RSI would serve as confirmation signals for entry and exit points, with RSI staying above 50 and MACD expanding as bullish indicators. This approach would aim to capture short-term bullish momentum with clear risk parameters.