Market Overview for IOTA/Tether (IOTAUSDT)

Summary
• IOTAUSDT tested key resistance at 0.106–0.107 with mixed follow-through.
• RSI shows overbought levels in late hours, hinting at potential near-term pullback.
• Volume surged during early ET rally but waned during consolidation, signaling divergences.
• Bollinger Bands expanded in response to increased volatility after 03:00 ET.
• A bullish engulfing pattern formed at 0.1021–0.1047 but failed to confirm with follow-through.

IOTA/Tether (IOTAUSDT) opened at 0.1007 on 2026-01-13 12:00 ET, peaked at 0.1076, and closed at 0.1036 by 12:00 ET the next day. The pair traded between 0.1001 and 0.1076 during the 24-hour period. Total traded volume was 16,018,622.0, with notional turnover of 1,691,470.58.

Structure & Formations

Price tested key resistance levels around 0.106–0.107, with a bullish engulfing pattern emerging after a pullback to 0.1021. However, the formation lacked sustained follow-through, suggesting hesitation in buyer conviction. A bearish divergence formed after 06:00 ET, as prices rose on declining volume.

Moving Averages

On the 5-minute chart, the 20- and 50-period moving averages remained in a bullish alignment most of the session but began to converge by the close. Daily moving averages (50/100/200) showed a neutral to slightly bullish bias, with price trading above the 200 SMA.

Momentum and RSI

Relative Strength Index (RSI) reached overbought territory near 70 in the late ET hours, indicating a potential short-term correction. MACD showed a mixed profile, with a positive crossover in the early rally followed by a bearish cross later, signaling uncertainty in directional momentum.

Bollinger Bands and Volatility

Bollinger Bands expanded significantly after 03:00 ET as volatility increased, with price moving outside the upper band during a short-lived rally. This expansion suggests heightened market activity, though subsequent consolidation back into the band points to a possible retesting of key levels.

Volume and Turnover

Volume spiked sharply during the 22:15–23:45 ET rally but subsided afterward, indicating a lack of follow-through. Notional turnover mirrored this trend, with a peak at 160,094.72 during the 22:15–22:30 ET window. Divergences between volume and price suggest traders may be becoming cautious.

Fibonacci Retracements

A key 5-minute retracement level at 0.1048 (38.2%) offered short-term resistance, while 0.1054 (61.8%) acted as a psychological level for traders. On the daily chart, a 0.1038–0.1062 range marked the 38.2–61.8% retracement zone, where the pair appears to be consolidating.

Price appears to be consolidating within a 0.1021–0.1062 range with no strong directional bias. While a push above 0.1062 could rekindle bullish momentum, a breakdown below 0.1034 may test earlier support. Traders should remain cautious of potential divergences and watch for follow-through in volume and price alignment.