Market Overview for IOST/Tether (IOSTUSDT)

Summary
• Price action shows a bearish bias following a strong pullback from 0.001665 to 0.001611.
• RSI and MACD indicate weakening momentum with bearish divergence forming.
• Volatility expanded significantly overnight, with volume peaking near 14M IOST.
• Bollinger Bands widen as price moves away from the lower band during the morning session.
• Key support now appears at 0.001609 with 0.001620 as immediate resistance.

At 12:00 ET on 2025-12-24, IOST/Tether (IOSTUSDT) opened at 0.001641, reached a high of 0.001665, and a low of 0.001609, closing at 0.001613. The 24-hour volume was 85.8 million IOST, with a notional turnover of approximately $136,000.

Structure & Formations

The price action over the 24-hour period shows a bearish bias, with IOSTUSDT breaking below a key support level around 0.001620. A large bearish engulfing pattern formed around 0.001658-0.001648 early in the session, followed by a long lower shadow in the 0.001621–0.001648 range. A potential pivot point appears near 0.001609, which may act as a short-term floor.

Moving Averages

The 5-minute chart shows the price below both 20 and 50 EMA lines, reinforcing the bearish bias. On the daily chart, the 50 EMA has crossed below the 200 EMA, suggesting a potential continuation of the downtrend.

MACD & RSI

The MACD has crossed into negative territory, with bearish momentum building. RSI stands at 31, indicating oversold conditions, though a divergence is forming with prices continuing to fall despite RSI stabilizing. This could signal a potential near-term bottom.

Bollinger Bands

Bollinger Bands have widened over the last 6 hours, indicating increased volatility. Price recently closed near the lower band at 0.001613, suggesting possible oversold rebound or further consolidation.

Volume & Turnover

Volume spiked to 14.2 million IOST around 09:15 ET as price dropped to 0.001616, supporting the bearish breakdown. However, volume has since softened, with turnover lagging behind price declines, suggesting waning bearish conviction.

Fibonacci Retracements

On the 5-minute chart, price tested the 61.8% retracement of the 0.001648–0.001665 move at 0.001633, then dropped to near 0.001610, testing the 78.6% level. On the daily chart, key Fibonacci levels suggest potential support at 0.001609 and 0.001587.

Looking ahead, IOSTUSDT could test the 0.001609 support level in the next 24 hours, with a potential bounce or consolidation expected if buyers step in. Traders should remain cautious as the bearish momentum remains strong unless a strong reversal pattern emerges.