Market Overview: IOTA/Tether Faces Near-Term Bearish Pressure

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 11, 2026 1:16 pm ET1min read
IOTA
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Aime RobotAime Summary

- IOTA/Tether (IOTAUSDT) formed a bearish engulfing pattern near 0.1013-0.1015, signaling short-term reversal.

- Price broke below key support at 0.1012, confirming bearish momentum with RSI showing overbought resolution.

- Volatility spiked after 02:00 ET but remains within 0.1002-0.1030 range, with 38.2% Fibonacci retest at 0.1009-0.1010 as potential bounce zone.

- Strong selling pressure between 16:00-17:00 ET drove price to 0.0986, though volume tapered below 0.0990.

- Market participants monitor 0.1010-0.1013 retests for short-term bounces amid heightened downside risks below 0.1005.

Summary
• IOTA/Tether (IOTAUSDT) formed a bearish engulfing pattern around 0.1013–0.1015.
• Price broke below a key support level at 0.1012, confirming a shift in sentiment.
• RSI and volume suggest weakening momentum, with overbought conditions resolving.
• Volatility expanded after 02:00 ET, but prices remain within a 0.1002–0.1030 range.
• A potential 38.2% Fibonacci retest at 0.1009–0.1010 may trigger short-term bounces.

IOTA/Tether (IOTAUSDT) opened at 0.1024 on January 10 at 12:00 ET, hit a high of 0.1030, a low of 0.0986, and closed at 0.0996 on January 11 at 12:00 ET. Total 24-hour volume was 7,876,524.24 and turnover amounted to $806,696.35.

Structure & Formations


A bearish engulfing pattern emerged between 0.1013 and 0.1015 on the 5-minute chart, signaling a short-term reversal. Key support at 0.1012 was decisively broken, with further tests expected near 0.1005–0.1009. A prior consolidation range from 0.1002 to 0.1030 remains relevant, though bearish momentum has intensified.

Technical Indicators


MACD has been trending downward since midday, reinforcing the bearish bias. RSI has pulled back from overbought territory, currently indicating a neutral-to-bearish stance. Volatility expanded around 02:00 ET as prices moved below 0.1013, but price remains within the broader 0.1002–0.1030 range.

Volume and Turnover


Volume spiked significantly between 16:00 and 17:00 ET, coinciding with a sharp decline to 0.0986. This suggests strong selling pressure during the session. However, turnover failed to confirm a sustained bearish breakout, with volume tapering after the 0.0990 level.

Fibonacci Retracements


A 38.2% retracement from the recent swing high of 0.1030 to the low of 0.0986 aligns with 0.1009–0.1010, a potential short-term bounce zone. A break below 0.1005 would target the 61.8% level near 0.0997, increasing the risk of further downside.

Market participants may look for a retest of 0.1010–0.1013 for potential short-term bounces, but bearish momentum could continue in the absence of strong buying support. Investors should remain cautious of further downside risks if 0.1005 is breached.