Market Overview: IOTA/Tether Consolidates After Failed Rally

Summary
• IOTA/Tether tested key resistance near 0.108–0.110 before reversing lower toward 0.104–0.105.
• Momentum shifted bearish after an overbought RSI divergence and a large-volume bearish engulfing pattern.
• Volatility expanded during the 19:00–20:00 ET range, with a sharp drop in turnover during the final 3 hours.
• A 50-period moving average on the 5-min chart crossed below price, signaling a short-term bearish bias.
• Key support at 0.104–0.105 appears to hold, with potential for a bounce or further correction in the next 24 hours.

IOTA/Tether (IOTAUSDT) opened at 0.1062 on 2025-12-10 at 12:00 ET, reached a high of 0.1100, and closed at 0.1018 on 2025-12-11 at 12:00 ET. The 24-hour volume totaled 10,768,580 and turnover was approximately $1,094,483.

Structure & Formations

The price formed a bearish

engulfing pattern at 0.1075–0.1085 during the 20:15–20:30 ET window, confirming a reversal from a recent 0.1084 high. A doji appeared at 0.1017 during the 03:15–03:30 ET session, signaling indecision after a sharp decline. Key support levels emerged at 0.1040 and 0.1050, where buying pressure appeared to stabilize the price after a multi-hour dip.

Moving Averages

On the 5-min chart, the 20-period and 50-period moving averages both dipped below the price during the 04:30–05:00 ET window, reinforcing a short-term bearish trend. On the daily chart, price closed just above the 50-period MA, while the 100- and 200-period MAs remain above, suggesting medium-term uncertainty.

MACD & RSI

The RSI reached overbought territory at 68 during the 20:30–21:00 ET range but failed to sustain the level, with a divergence forming as price peaked and momentum waned. The MACD crossed bearish below the signal line during the 22:30–23:00 ET window, aligning with the downward reversal and confirming weakening bullish momentum.

Bollinger Bands

Volatility expanded between 19:00 and 20:30 ET as price traded near the upper band during the rally. Price retracted and settled below the middle band by early morning, with a narrowing of the bands in the final 3 hours suggesting a potential pause before the next directional move.

Volume & Turnover

Volume spiked to 572,630 at 20:30 ET during the bearish break and again at 03:15 ET during the 0.1001 low. Notional turnover dropped significantly after 04:00 ET despite continued price movement, indicating a potential divergence or lack of conviction in the current trend.

Fibonacci Retracements

The recent 0.1044–0.1100 5-min swing saw a 61.8% retrace at 0.1064, which became a key resistance point during the 21:00–22:00 ET window. The 38.2% level at 0.1074 was tested but rejected, reinforcing a bearish bias as price continued its decline.

IOTA/Tether may attempt a near-term bounce from the 0.104–0.105 support range but could face renewed selling if key resistance at 0.1075 fails again. Investors should remain cautious of volatility spikes and divergences in the next 24 hours.