IOUSDT Dips Below Key 0.113 Level as Bearish Bias Grows

Summary
• Price consolidated between 0.112–0.119, with 0.112 acting as a key support and 0.119 as resistance.
• Volume remained elevated after 18:00 ET, but price drifted lower, suggesting profit-taking.
• RSI hovered near the midpoint, indicating mixed momentum without clear overbought/oversold signals.

24-Hour Performance

io.net/Tether (IOUSDT) opened at 0.115 on 2026-02-06 12:00 ET and reached a high of 0.119. The pair closed at 0.112 on 2026-02-07 12:00 ET, with a low of 0.11. Total volume was 5,908,173.26, and turnover stood at 662,721.22.

Structure & Candlestick Patterns

The 5-minute chart showed a bearish engulfing pattern forming after 18:00 ET, followed by a series of spinning top and doji patterns, indicating indecision. The price remained within a 70-point range for most of the session, with a final push lower toward the close.

Volatility and Bollinger Bands

Bollinger Bands displayed moderate volatility, with price testing the upper band briefly in the early hours before retracting. A later contraction in band width indicated a potential shift in momentum, with price closing near the midline, suggesting ongoing uncertainty.

Volume and Turnover Signals

The highest volume spike occurred at 18:00 ET, coinciding with a break of the prior high of 0.119. However, price soon reversed lower despite continued volume, suggesting possible capitulation or profit-taking. The final hours saw volume wane, with turnover remaining subdued.

RSI and Momentum

RSI oscillated around the 50 level throughout the session, with no clear overbought or oversold readings. A brief divergence occurred around 20:15 ET, where RSI peaked while price continued higher, suggesting a possible bearish reversal. Momentum appears mixed, with no strong directional bias.

Fibonacci Retracements

On the 5-minute chart, a key 61.8% retracement level at 0.113 coincided with a brief consolidation. Price broke below this level toward the session’s end, reinforcing bearish bias. On the daily chart, the 38.2% retracement at 0.114 may offer a near-term resistance if buyers re-enter.

IOUSDT appears to be in a consolidation phase, with bearish control gaining in the final hours. A break below 0.11 could trigger further downside, while a retest of 0.119 may provide short-term opportunities for buyers. Investors should closely monitor volume and RSI for early signs of a reversal.