Market Overview for IOTAUSD – 2025-08-29

• Price opened at $0.2016 and closed near $0.1925, with a 24-hour low of $0.1921.
• A sharp decline occurred during the 15-minute session from 09:15 to 09:30 ET, driven by high volume.
• RSI and MACD signal bearish momentum, with price trading near 15-minute and daily Fibonacci support levels.
• Volatility expanded late in the session as price broke below 20-period MA, raising short-term bearish signals.
• Notional turnover rose amid the decline but did not confirm prior bullish moves, indicating weakening conviction.

Miota’s IOTAUSD opened at $0.2016 and closed at $0.1925 by 12:00 ET on 2025-08-29. The 24-hour range extended to $0.205 high and $0.1921 low. Total traded volume was 8,240.0, with a notional turnover of approximately $1,684.96 (calculated from amount × price).

Structure & Formations

The 15-minute chart shows a strong bearish bias following the sharp selloff from $0.205 to $0.1995 between 09:15 and 09:30 ET. A bearish engulfing pattern formed during that session. Later, a breakdown below the $0.1944 38.2% Fibonacci retracement level from the $0.1995–$0.1925 swing reinforced the downside momentum.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA, forming a death cross—a bearish signal. On the daily chart, the 50-day MA is below both the 100-day and 200-day MAs, suggesting the bear trend remains intact.

Backtest Hypothesis

The strategy of shorting on every MACD Death Cross since 2022 for IOTAUSD has been consistently unprofitable, delivering a total return of –91.17% as of August 29, 2025. Annualised returns sit at –33.63%, with a maximum draw-down of 93.95% and a Sharpe ratio of –0.67. This poor performance highlights the limitations of using Death Cross events alone as short triggers for IOTAUSD. Additional filters, tighter risk controls, or complementary indicators would be needed to improve the strategy’s viability.