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IOTA/Tether (IOTAUSDT) opened at 0.1042 on 2025-12-08 12:00 ET, reaching a high of 0.1095 and a low of 0.1020, closing at 0.1098 on 2025-12-09 12:00 ET. Total volume was 5,397,730, while notional turnover amounted to $556,400.
Structure & Formations
A clear bullish engulfing pattern formed around 17:00 ET as the price surged above 0.1040, confirming a reversal after consolidation. Key support levels appear at 0.1036 and 0.1032, while resistance is currently at 0.1045–0.1050. A doji near 0.1035 suggested indecision before the breakout, and a strong candle closed at 0.1098, indicating renewed bullish momentum.
MACD & RSI
MACD turned positive after 16:15 ET, signaling growing bullish momentum. RSI climbed above 65, reaching 74 by 17:00 ET, indicating overbought conditions. This suggests the pair could consolidate or face a pullback in the near term, but for now, the momentum remains strong.
Bollinger Bands
Volatility was low in the early hours, with prices hovering near the middle band. After 16:00 ET, the upper band expanded as price surged above 0.1065, indicating increased volatility. Price remained above the middle band for most of the day, suggesting sustained bullish pressure.
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Volume & Turnover
Volume spiked significantly during the breakout above 0.1040 and again as price rose above 0.1065, confirming the move. Turnover also surged during these periods, aligning with price. However, volume decreased slightly after 17:00 ET, which may hint at short-term exhaustion.
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Fibonacci Retracements
Key Fibonacci retracements on the 5-minute chart show price reached 0.1045 (61.8%) and 0.1050 (76.4%) after the early consolidation. On the daily chart, the recent 0.1032–0.1098 move shows 0.1068 at 50% and 0.1083 at 61.8%, both of which appear to be holding as support/resistance.
IOTA/Tether appears to be in a strong bullish phase driven by a breakout and confirmation of key resistance levels. While the MACD and RSI suggest overbought conditions, the volume and price action remain aligned. Investors should watch for a potential pullback toward 0.1068 or a continuation toward 0.1090, but be cautious of short-term corrections.
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