IQ/Tether Market Overview for 2025-09-18

• Price action saw a 0.000084 (2.47%) rally from 0.003393 to 0.003478 in 24 hours, with a key break above 0.003475.
• Momentum remains bullish as RSI edged toward overbought territory, while volume surged on the breakout.
• Volatility expanded as price moved ~0.000109 (3.21%) inside Bollinger Bands, signaling increased participation.
• No large divergence between price and turnover; high-volume clusters confirmed the 0.003475–0.003488 range.
• Key support at 0.003461–0.003452 and resistance at 0.003475–0.003488 defined the 24-hour range.

The IQ/Tether (IQUSDT) pair opened at 0.003393 on 2025-09-17 at 12:00 ET and reached a high of 0.003478 by 12:00 ET on 2025-09-18, closing at 0.003472. The 24-hour period saw total volume of 58,142,860.0 and turnover of approximately $198,508 (based on cumulative volume × price). The pair traded between 0.003379 and 0.003478 during the session, with a clear consolidation pattern forming above key levels.

Structure & Formations

Price formed a bullish flag pattern during the session, with a consolidation phase following a sharp upward move around 19:30–20:00 ET. A key breakout above 0.003475 confirmed a bullish bias. Notable resistance levels include 0.003475–0.003488 (immediate), and 0.003493–0.003505 (next target). Support lies at 0.003461–0.003452 and 0.003443–0.003434. A small doji formed near the high, signaling temporary indecision, but the overall trend remains upward.

Support Levels

- 0.003461–0.003452
- 0.003443–0.003434
- 0.003426–0.003419

Resistance Levels

- 0.003475–0.003488
- 0.003493–0.003505
- 0.003512–0.003525

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages show a bullish cross, with price above both. This supports the continuation of the upward trend. On the daily chart, the 50-period MA is at 0.003453, the 100-period MA at 0.003446, and the 200-period MA at 0.003434. The current price (0.003472) is comfortably above all, reinforcing the bullish momentum.

MACD & RSI

The MACD turned positive during the session, confirming the upward trend with a histogram showing increasing momentum. The RSI reached a high of 62, edging into overbought territory, but not yet at a critical level. This suggests that the rally could continue, provided volume remains strong and no bearish divergence emerges. Overbought conditions are not yet a red flag but warrant monitoring.

Bollinger Bands

Volatility expanded significantly during the session, with the upper band reaching 0.003488 and the lower band at 0.003452. Price closed near the upper band, signaling a strong bullish phase. If the trend continues, the next target is the upper expansion level near 0.003505. A consolidation phase is likely if price retests the mid-band (0.003468–0.003470), but the current bias remains bullish.

Volume & Turnover

Volume surged during the 19:30–20:00 ET period, coinciding with the breakout above 0.003475. Total volume of 58,142,860.0 over 24 hours is robust for this pair, and turnover increased correspondingly. No major divergence was observed between price and turnover, suggesting the rally is broadly supported. The most active clusters occurred around 0.003465–0.003480, reinforcing the 0.003475–0.003488 resistance zone.

Fibonacci Retracements

Applying Fibonacci to the key swing from 0.003379 to 0.003478, the 38.2% retrace level is at 0.003438, and the 61.8% retrace level is at 0.003458. Price tested the 61.8% level and rebounded, suggesting it may serve as support in the next few hours. The 100% extension is at 0.003505, the next target if bullish momentum holds.

Backtest Hypothesis

Given the strong breakout above 0.003475 on confirmed volume and the alignment of moving averages, a backtesting strategy could involve a long entry on a close above the upper Bollinger Band, with a stop below 0.003461 (key support) and a target at 0.003488 and then 0.003505. RSI nearing overbought territory suggests a potential pullback could occur, but if volume remains healthy and price stays above the 50-period MA, the trade has strong probability. A trailing stop could be used after the 0.003488 level is confirmed. This strategy is best executed during periods of high liquidity and when the pair is trading above all major moving averages.