Market Overview: IQ/Tether (IQUSDT) on 2025-12-10

Summary
• Price action formed a bullish harami pattern in late ET trading, hinting at potential reversal.
• RSI dipped to 29, suggesting oversold territory, while MACD remained bearish.
• Volatility increased as Bollinger Bands widened from 0.000014 to 0.000021 range.
• Volume spiked at 9:45 ET with a 57.1M turnover candle, aligning with a 0.001838 high.
• Key support held at 0.001816–0.001817, reinforced by a 61.8% Fibonacci level.

IQ/Tether (IQUSDT) opened at 0.001831 on 2025-12-09 at 12:00 ET, rose to a high of 0.001874, dipped to a low of 0.001804, and closed at 0.001833 on 2025-12-10 at 12:00 ET. Total volume for the 24-hour period was 53,187,976, and notional turnover was approximately $96,158,000 (based on average price).

Structure & Formations

Price action showed a bearish impulse from 0.001842 to 0.001804, followed by a potential reversal with a bullish harami at 0.001818–0.001821 in the final 5 minutes of the session. A key support level at 0.001816–0.001817 was tested twice and held. A 61.8% Fibonacci retracement of the morning drop aligned with that level, reinforcing its significance.

Moving Averages and Momentum

On the 5-minute chart, the price closed below both the 20-period and 50-period moving averages, suggesting short-term bearish bias. MACD remained negative but began to narrow, suggesting slowing bearish momentum. RSI crossed into oversold territory at 29, indicating potential for a short-term bounce.

Volatility and Bollinger Bands

Bollinger Bands showed significant expansion from a range of 0.000014 to 0.000021, reflecting increased volatility. The price spent much of the day near the lower band before returning to the middle band in the final hours, signaling a possible consolidation phase.

Volume and Turnover

Volume and turnover spiked sharply at 9:45 ET with a 42.2M volume candle and a 77.1M turnover candle, signaling a strong price rejection at the 0.001838 level. This divergence between bearish price action and bullish volume may suggest a potential short-term reversal.

Looking ahead, IQUSDT may test key resistance at 0.001838–0.001842 over the next 24 hours. Traders should remain cautious as volatility remains elevated and trend direction is uncertain.