AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox


Summary
• Price tested 0.0902 resistance but retreated, forming bearish engulfing patterns near highs.
• RSI showed bearish momentum divergence with price as
IOTA/Tether (IOTAUSDT) opened at 0.0889, reached a high of 0.0902, and closed at 0.0885 with a low of 0.0874. Total volume was 9.92 million
, and notional turnover amounted to approximately $896,000.Structure and Key Levels
The price action revealed a critical 0.0902 resistance level where bearish momentum stalled buying pressure. A bearish engulfing pattern formed as the asset fell back from this level, suggesting near-term exhaustion on the upside. Support consolidation occurred around 0.0885–0.0886, with Fibonacci retracements indicating 38.2% and 61.8% levels aligning with recent lows.
Moving Averages and Momentum
On the 5-minute chart, price closed below the 50-period MA, signaling potential bearish bias. MACD turned negative and flattened, while RSI showed divergence with price during the afternoon, hinting at waning bullish momentum. Daily moving averages suggest a continuation of sideways consolidation.
Volatility and Bollinger Bands
Bollinger Bands expanded during the early morning hours, indicating increased volatility.

Volume and Turnover
Trading volume remained elevated in the 0.0892–0.0902 range, confirming key resistance testing. However, notional turnover was uneven, with weak buying during afternoon hours. A divergence between price and volume during the decline below 0.0891 suggests caution for further bearish moves.
The market appears poised to test key support levels over the next 24 hours, with potential for a short-term bounce if bulls regain control near 0.0885. Investors should watch for a break below 0.0884 as a possible bearish signal, while a retest of 0.0902 may offer a high-risk entry for cautious longs.
Decoding market patterns and unlocking profitable trading strategies in the crypto space

Dec.18 2025

Dec.18 2025

Dec.18 2025

Dec.18 2025

Dec.18 2025
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet