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Summary
• Price tested key resistance near $0.0875–0.0878, failing to break through despite early morning attempts.
• RSI showed overbought conditions in the morning, followed by bearish divergence in the afternoon.
• Bollinger Bands widened after 08:00 ET, suggesting rising volatility and potential for larger moves.
• Volume spiked during the 09:00–12:00 ET session, coinciding with a $0.0871–0.0867 pullback.
IOTA/Tether (IOTAUSDT) opened at $0.0873 on December 27, peaked at $0.0878, and closed at $0.0867 on December 28. The 24-hour trading volume was 1,868,713.0 and notional turnover reached $159,828.53. Price action showed increased bearish momentum after 09:00 ET with key support at $0.0867.
Structure & Formations
Price action displayed multiple attempts to break above the $0.0875–0.0878 resistance range, but failed to maintain gains. A bearish engulfing pattern formed at the 10:45–11:00 ET 5-minute timeframe, signaling a potential shift in sentiment. A doji appeared at $0.0867, indicating indecision and possible short-term consolidation.
MACD & RSI
RSI reached overbought territory early in the day, peaking near 70 before declining sharply in the afternoon, suggesting bearish divergence. MACD crossed below the signal line around 11:00 ET, reinforcing the bearish momentum.

Bollinger Bands
Bollinger Bands remained in a wide state after 08:00 ET, reflecting increased volatility. Price closed near the lower band at $0.0867, suggesting oversold conditions and potential for a bounce.
Volume & Turnover
Volume surged during the 09:00–12:00 ET window, coinciding with a sharp decline from $0.0871 to $0.0867. Notional turnover peaked at this time, aligning with the price drop and confirming bearish conviction.
Fibonacci Retracements
On the 5-minute chart, the 0.618 Fibonacci level at $0.0870 acted as a key resistance. On the daily chart, the 0.618 level at $0.0865–0.0867 appears to be forming strong support, aligning with recent consolidation.
IOTA/Tether may test the $0.0867 support level over the next 24 hours, with a potential rebound toward the $0.0870–0.0873 range if buyers emerge. Traders should remain cautious as volatility remains elevated, and sharp reversals are possible.
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