IQ/Tether Market Overview for 2025-09-27

• • •
• IQ/Tether (IQUSDT) rose from 0.003076 to 0.003151 during the last 24 hours, forming a bullish consolidation pattern.
• A strong volume spike near the high suggests accumulation, with turnover confirming price strength.
• RSI and MACD show moderate bullish momentum, while Bollinger Bands indicate tightening volatility.
• Key resistance at 0.00315–0.00316 and support at 0.00313–0.00312 identified from recent swing highs and lows.
• A bearish reversal candle and divergences in late volume hint at potential near-term profit-taking.

IQ/Tether (IQUSDT) opened at 0.003076 (12:00 ET – 1) and closed at 0.003151 (12:00 ET), reaching a high of 0.00316 and a low of 0.003074. The 24-hour trading volume amounted to approximately 24,479,595 units, with a notional turnover of $75,185. The pair formed a series of higher highs and higher lows, suggesting a bullish trend.

Structure & Formations

The price action from 18:45 ET to 21:30 ET displayed a strong bullish bias, with a key breakout at 0.00314 forming a positive continuation pattern. A bearish harami pattern appeared around 04:30 ET, suggesting a potential pullback. A 0.00315–0.00316 resistance zone appears to be testing, while 0.00313–0.00312 represents critical support. The 61.8% Fibonacci level from the prior bearish swing sits at 0.00313, which could act as a short-term floor.

Moving Averages

The 15-minute chart shows the 20-period and 50-period EMA lines converging above the price, supporting the bullish momentum. On the daily chart, the 50-day EMA has crossed above the 100-day EMA, indicating a potential mid-term bullish trend. The 200-day EMA is still below the current price, suggesting further upward potential is possible.

MACD & RSI

MACD remains in positive territory with a moderate histogram, indicating sustained bullish momentum. RSI is at 60, in mid-range territory, showing no signs of overbought conditions. However, a divergence between price and RSI in the last 3 hours may hint at an impending correction.

Bollinger Bands

Price has moved closer to the upper Bollinger Band for much of the session, indicating high volatility. A contraction in the bands occurred between 03:00 and 04:00 ET, which may precede a breakout or reversal. The recent close near the upper band suggests a continuation of the bullish trend is likely, but a break below the middle band would signal renewed bearish pressure.

Volume & Turnover

Volume increased significantly during the 00:15–02:00 ET period, especially near the high of 0.00316. Notional turnover aligned closely with the price surge, supporting the strength of the move. A divergence in the last two 15-minute intervals suggests buyers may be easing pressure, setting the stage for a potential consolidation or reversal.

Fibonacci Retracements

From the low at 0.003074 to the high at 0.00316, the 38.2% retracement level sits at 0.003117, and the 61.8% retracement is at 0.00313. Price is currently hovering near the 0.00314 level, suggesting the 61.8% retest is likely ahead.

Backtest Hypothesis

A backtesting strategy based on a combination of RSI overbought conditions (>70) and a bearish divergence in the MACD could be tested to identify short-term profit-taking opportunities. This approach aligns with the current price pattern and suggests that a pullback to the 0.00313–0.00314 zone could be a favorable entry point with a target at the 61.8% Fibonacci level at 0.00313. If RSI continues to remain below 70 and the MACD shows no bearish divergence, the bullish trend is likely to continue.