Market Overview for IOST/Tether (IOSTUSDT) on 2025-10-29

• IOST/Tether (IOSTUSDT) closed 0.002411 on 2025-10-28, with a 24-hour low of 0.002345 and high of 0.002433.
• Price tested and bounced from key support near 0.00234–0.00235 multiple times in the second half of the session.
• Volume spiked during the late evening UTC downtrend, while a recovery began in the early AM with moderate volume.
• RSI entered oversold territory twice, signaling potential short-term bounce, though momentum remains weak.
• Bollinger Bands showed a moderate contraction before the final 12 hours, with price closing near the lower band.

IOST/Tether (IOSTUSDT) opened at 0.002411 on 2025-10-28 at 12:00 ET-1 and closed at 0.002411 on 2025-10-29 at 12:00 ET, with a high of 0.002433 and a low of 0.002345. Total volume over the 24-hour window was 118,944,460.0 tokens, with a turnover of 288.3 USD. Price action showed a bearish bias in the early part of the session, followed by a moderate recovery and consolidation by the end.

Structure & Formations

Price action over the 24-hour period displayed a key support area forming around the 0.00234–0.00235 range, which was tested and bounced from on multiple occasions. A bearish trend formed from the 0.002433 high to the 0.002345 low, with a moderate reversal forming in the final 6 hours of the session. Notable bearish patterns included a hanging man and a bearish engulfing pattern in the early UTC hours, while a bullish harami appeared near the close. A doji formed around 0.002345, signaling potential indecision and a possible reversal.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed multiple times, indicating choppy and directionless momentum. The 50-period MA ended the session near 0.002415, slightly above the close, suggesting a potential short-term bounce. On the daily chart, the 50-period MA sits near 0.00239, while the 100-period and 200-period MAs are at 0.002385 and 0.00237, respectively. IOSTUSDT ended above the 50-day MA, suggesting a potential short-term retest of key resistance.

MACD & RSI

The MACD crossed from negative to positive territory in the final hour, with the histogram turning bullish. The RSI reached oversold levels (below 30) in the late evening UTC and again near the close, indicating potential short-term reversal. However, the RSI failed to form a strong bullish divergence with price, limiting the strength of the bounce. Momentum remains weak, and the RSI is currently near the neutral zone, suggesting consolidation may continue in the near term.

Bollinger Bands

Bollinger Bands showed a moderate contraction in the first half of the session, followed by a moderate expansion in the second half, as volatility increased. IOSTUSDT closed near the lower band at 0.002345, which has historically signaled potential bounce opportunities. The midline of the bands was near 0.00238, with the upper band at 0.002415. Price appears to be consolidating within the bands but has shown no clear breakout attempts.

Volume & Turnover

Volume spiked during the downtrend in the early UTC hours, with the 18:30–19:30 UTC candle showing the highest volume of 1,894,095 tokens. Turnover was significantly lower during the recovery phase in the early AM, suggesting weak conviction behind the rebound. A divergence between price and volume occurred in the last two 15-minute candles, where price rose slightly but volume declined, which may indicate a potential lack of follow-through in the recovery.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.002433–0.002345 move shows key levels at 0.002385 (38.2%), 0.002365 (61.8%), and 0.002355 (78.6%). IOSTUSDT closed near the 78.6% level, which has historically acted as a support. The 61.8% level at 0.002365 appears to be a critical resistance during any potential rebound. On the 15-minute chart, retracement levels are more volatile, but the 61.8% and 78.6% levels appear to be acting as dynamic zones.

Backtest Hypothesis

A potential backtesting strategy for IOSTUSDT could focus on identifying the formation of bullish harami and doji patterns near key Fibonacci levels and Bollinger Band boundaries. Entries could be triggered upon a candle closing above the 61.8% Fibonacci level (0.002365) with a bullish MACD crossover. Stop-loss placement may sit just below the 78.6% level (0.002355), with targets aligned with the upper Bollinger Band or the 38.2% Fibonacci level (0.002385). This approach could be validated over multiple 15-minute periods to assess the strength and consistency of the signals.