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Summary
• IOTA/Tether formed a bullish breakout above key resistance at $0.103 with strong volume.
• RSI and MACD aligned in overbought territory, suggesting potential short-term consolidation.
• Volatility remained elevated with price hovering near the upper Bollinger Band.
• Volume diverged in late ET hours, signaling possible bearish pressure ahead.
IOTA/Tether (IOTAUSDT) opened at $0.1005 on 2025-12-07 12:00 ET, reached a high of $0.1051, a low of $0.0993, and closed at $0.1031 on 2025-12-08 12:00 ET. Total 24-hour volume was 9.64 million
, with $1.01 million in notional turnover.Structure & Formations
Price broke above a prior resistance at $0.103 on strong volume, suggesting short-term bullish momentum. A bearish divergence appeared late in the session, as price dipped but volume failed to confirm the move. A potential support zone emerged at $0.1025–$0.1028, with a key resistance around $0.1035–$0.104.
Moving Averages
On the 5-minute chart, price closed above both the 20 and 50-period moving averages, indicating bullish bias. On the daily chart, the 50 SMA at $0.1018 and 100 SMA at $0.1012 were closely aligned, suggesting a potential pivot point near $0.102.
MACD & RSI
The MACD remained in positive territory, with a tightening histogram hinting at potential consolidation. RSI reached overbought levels at 68–70 during the session, indicating the need for a pullback or consolidation before further upward momentum.
Bollinger Bands
Volatility remained elevated, with price spending significant time near the upper band. A narrowing band during the early morning ET suggested potential for a breakout or breakdown in the next 24 hours.
Volume & Turnover
Volume surged during the breakout at $0.103, peaking at $0.104–$0.105, but declined in the final 6 hours of the session. A divergence between price and volume near the close suggests weakening momentum, raising the possibility of a near-term correction.
**
Fibonacci Retracements
The 5-minute swing from $0.0993 to $0.1051 saw a key 61.8% retracement at $0.1029–$0.1032, which coincided with the current price level. On the daily chart, a 50% retracement at $0.1013 could serve as a pivot if the trend reverses.
Looking ahead, the next 24 hours may bring a test of $0.1035–$0.104 as a short-term ceiling or a pullback toward $0.1025–$0.1028. Traders should remain cautious as overbought indicators and volume divergences could trigger a consolidation phase.
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