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Summary
• IOTAUSDT formed bearish engulfing patterns and found support near 0.0915–0.0918.
• RSI signaled overbought conditions in the midday surge, followed by a bearish reversal.
• Volatility expanded sharply in the 15:00–16:30 ET window with a massive volume spike.
• Bollinger Bands widened during the drop, indicating a potential resumption of downward momentum.
• 50-period MA on 5-min chart crossed below price, suggesting short-term bearish bias.
IOTA/Tether (IOTAUSDT) opened at 0.0925 on 2025-12-16 12:00 ET, hit a high of 0.0936, a low of 0.0887, and closed at 0.0899 as of 12:00 ET on 2025-12-17. Total volume reached 10,311,810 units, and notional turnover was approximately $895,747.
Structure & Momentum
Price action revealed a strong bearish reversal after forming a bearish engulfing pattern near 0.0936 and a doji at 0.0928. The RSI peaked at overbought levels (70+), confirming a midday top before a sharp correction. The 20-period moving average on the 5-minute chart crossed below price, indicating short-term bearish pressure.
Volatility and Volume
Bollinger Bands expanded significantly during the 15:00–16:30 ET window as price dropped from 0.0944 to 0.0887, a 6.2% move.

Key Levels and Fibonacci
Critical support levels formed at 0.0915–0.0918 and 0.0905, both coinciding with Fibonacci retracement levels from the 0.0887–0.0944 swing. Resistance is now likely clustered between 0.0926 and 0.0932 for a potential short-term bounce.
IOTAUSDT appears to have entered a bearish phase with strong momentum, and volatility remains elevated. A test of support at 0.0905 could be imminent. Investors should monitor volume behavior at these levels for signs of capitulation or renewed buying pressure.
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