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Summary
• Price drifted lower through the day, with a bearish close near 0.0825 after forming bearish engulfing patterns.
• RSI signaled oversold territory near 30, while volume increased moderately in the final hours.
• Volatility slightly expanded, with price staying near the lower Bollinger Band through most of the session.
IOTA/Tether (IOTAUSDT) opened at 0.0839, reached a high of 0.0855, fell to a low of 0.0818, and closed at 0.0825 at 12:00 ET. Total volume was 10,216,924 and turnover amounted to approximately $828,086 over the 24-hour period.
Structure & Formations
Price action for IOTA/Tether reflected a bearish bias over the past 24 hours, with a notable bearish engulfing pattern forming around 18:45 ET as price retested key levels. A critical support level was identified around 0.0825, with a secondary area at 0.0818 showing moderate buying interest. A doji appeared at 08:00 ET, suggesting indecision as the price hovered near a critical psychological level.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages remained bearishly aligned throughout most of the session, reinforcing the downward trend. On the daily chart, the price closed below the 50, 100, and 200-period MAs, indicating sustained bearish momentum and lack of bullish conviction.
MACD & RSI

The MACD remained in negative territory, with the line staying below the signal line, reinforcing the bearish bias. RSI dipped to a 24-hour low of 30 near the close, indicating potential oversold conditions, though no strong reversal signal was confirmed. Momentum remained subdued for most of the session, with no clear signs of a short-term rebound.
Bollinger Bands
Volatility expanded slightly in the late hours, with price staying near the lower Bollinger Band for much of the session. A minor contraction was noted during midday hours, but the price failed to break above the upper band. This suggests a lack of bullish conviction and continued bearish pressure.
Volume & Turnover
Volume remained elevated during the latter half of the session, particularly between 11:30 and 14:45 ET, as selling pressure increased. Turnover closely mirrored volume patterns, with a notable increase during the late afternoon. Price and volume aligned on the downward move, suggesting confirmation rather than divergence in sentiment.
Fibonacci Retracements
On the 5-minute chart, price retested the 61.8% Fibonacci level around 0.0825, which acted as a key support. The daily chart showed a major retest of the 38.2% level, which failed to hold as selling pressure intensified. These levels may serve as watchpoints for near-term consolidation or potential bounces.
IOTAUSDT appears to have settled into a tight range with bearish momentum intact. Price could test the 0.0815–0.0820 range in the next 24 hours, but traders should be mindful of potential volatility if short-term buyers step in around 0.0825.
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