IQ/Tether Market Overview: Bullish Momentum and Volatility in 24 Hours

• Price of IQ/Tether rose 0.52% in 24 hours, closing at 0.003552 after forming a bullish flag pattern.
• RSI suggests moderate momentum with no overbought/oversold signals, indicating potential for further gains.
• Volume increased sharply after 08:00 ET, confirming the breakout of a 15-minute ascending trendline.
• Bollinger Bands widened, signaling increased volatility with price near the upper band.
• MACD crossed above zero, aligning with a positive divergence in volume and price.

The IQ/Tether pair (IQUSDT) opened at 0.003477 at 12:00 ET − 1 and closed at 0.003552 by 12:00 ET on 2025-09-13. The daily high reached 0.003573, while the low was 0.003477. Total volume over the 24-hour period was 111,952,624, and notional turnover amounted to approximately $393,382. Price action suggested a strong bull bias with a breakout forming after 08:00 ET.

Structure & Formations

A bullish flag pattern emerged after a sharp rally from 0.003477 to 0.003573. Key support levels were identified at 0.003511 and 0.003477, with resistance forming at 0.003563 and 0.003573. A long upper shadow and a bullish engulfing pattern were observed during the 08:15–08:30 ET timeframe, suggesting potential continuation of the upward move. A doji formed around 14:00 ET, which may signal indecision.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed above the price, forming a golden cross. On the daily chart, the 50-period MA crossed above the 100-period MA, reinforcing the bullish trend. Price remains well above the 200-period MA, indicating a longer-term bullish setup.

MACD & RSI

The MACD line crossed above the signal line around 08:15 ET, with a positive histogram indicating strong bullish momentum. RSI stayed within the 50–60 range, showing no overbought conditions, which implies room for further upward movement. Divergence between RSI and price was not observed, supporting the continuation of the current trend.

Bollinger Bands

Bollinger Bands expanded significantly during the 08:00–11:00 ET period, indicating rising volatility. Price remained near the upper band for much of the session, especially after 10:00 ET, suggesting strong buying pressure. A contraction was observed in the late afternoon, which could precede a potential reversal or continuation.

Volume & Turnover

Volume spiked sharply after 08:00 ET and remained elevated until 10:00 ET, confirming the breakout. The largest single 15-minute volume occurred at 09:15 ET, with 7,658,755 units traded. Notional turnover aligned with volume increases, indicating strong participation across the session. Divergence between price and volume was not observed, supporting the validity of the trend.

Fibonacci Retracements

The 38.2% Fibonacci retracement level (0.003543) acted as initial support before price broke through to the 61.8% level (0.003557). On the daily chart, the 61.8% retracement level of the previous week’s swing coincided with the 0.003563–0.003573 range, aligning with the current price action and strengthening the case for a continuation.

Backtest Hypothesis

A potential backtesting strategy could involve entering a long position when the 20-period MA crosses above the 50-period MA on the 15-minute chart, provided the price is above the upper Bollinger Band and RSI remains between 50–60. A stop-loss could be placed below the 38.2% Fibonacci retracement level. The target could be set at the 61.8% level or the next resistance at 0.003573. Given the recent volume confirmation and pattern integrity, this setup has a high probability of success. The use of multiple timeframes and Fibonacci levels adds robustness to the strategy.