IQ Market Overview: Strong Bullish Push Amid Elevated Volatility

Generated by AI AgentAinvest Crypto Technical Radar
Monday, Jul 21, 2025 4:34 am ET2min read
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Aime RobotAime Summary

- IQ/USDT surged 2.7% in 24 hours, breaking above 0.004200 with RSI near 60 and positive MACD confirming bullish momentum.

- Volatility spiked post-00:00 ET (39.8M USDT volume), with price near upper Bollinger Bands and Fibonacci 61.8% resistance at 0.004298.

- Key support at 0.004235 and resistance at 0.004257 identified, with 50-period SMA approaching 100-period SMA on daily charts.

- Rising wedge pattern and bullish engulfing candle confirm continuation, but overbought RSI (58-60) and potential volatility contraction signal caution.

• Price surged 2.7% in 24 hours, driven by a strong breakout above 0.004200.
• Bullish momentum remains intact with RSI near 60 and MACD positive.
• High volatility noted post-00:00 ET, with volume spiking over 39M

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• Key resistance now at 0.004257, with 0.004235 as near-term support.
• Bollinger Bands widened significantly in the early hours, signaling increased uncertainty.

IQUSDT opened at 0.004124 on 2025-07-20 12:00 ET and closed at 0.00426 on 2025-07-21 12:00 ET. The pair reached a high of 0.004338 and a low of 0.004119 during the 24-hour period. Total volume traded was 120.2M USDT, with notional turnover reflecting strong participation, especially from 00:00 to 04:00 ET.

Structure & Formations


The 15-minute chart reveals a strong bullish bias, with a clear breakout from a consolidation range around 0.004200. A series of higher highs and higher lows has formed a rising wedge pattern, suggesting continuation higher. A notable bullish engulfing pattern appears around 00:00 ET, confirming the breakout. Key support levels are forming at 0.004235 and 0.004200, while resistance appears at 0.004257 and 0.004296.

Moving Averages


On the 15-minute chart, the 20-period and 50-period SMAs are both rising and currently below the price, indicating bullish momentum. On the daily chart, the 50-period SMA is approaching the 100-period SMA from below, suggesting a potential trend reversal or continuation, depending on how the price interacts with the 50/100 crossover in the coming days.

MACD & RSI


The 15-minute MACD is positive and trending upward, with the signal line lagging, suggesting sustained bullish momentum. The RSI is currently at 58–60, indicating moderate strength without entering overbought territory. This suggests that the bullish move may continue but could face a pullback if RSI crosses above 65 in the next few hours.

Bollinger Bands


Bollinger Bands expanded significantly during the early hours, particularly after the 00:00 ET breakout. Price has spent most of the session near the upper band, indicating strong volatility and bullish conviction. A contraction in the bands may signal a potential pullback or consolidation phase in the near term.

Volume & Turnover


Volume spiked sharply after the 00:00 ET breakout, with over 39.8M USDT traded in the first 15-minute candle. This volume confirmed the breakout and suggests strong institutional or large-cap participation. Turnover has closely followed price action, with no significant divergences, indicating alignment between volume and price.

Fibonacci Retracements


Applying Fibonacci to the recent 15-minute swing from 0.004119 to 0.004338, key levels are 0.004248 (38.2%), 0.004278 (50%), and 0.004298 (61.8%). Price has already tested the 38.2% and 50% levels, with the 61.8% acting as a potential near-term resistance. A break above 0.004298 could signal a resumption of the bullish trend.

IQ appears to be in a strong bullish phase, supported by rising momentum and key breakout confirmation. A test of 0.004257–0.004298 is likely in the next 24 hours, but a pullback to the 0.004235–0.004200 range could occur if volume and RSI diverge. Investors should monitor for overbought conditions and potential volatility contractions as risk indicators.