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

Summary
• Price surged past 0.001765, forming a bullish engulfing pattern near 0.001773.
• Volume spiked above 4 million during 19:00–21:30 ET, confirming upward momentum.
• RSI approached overbought territory at 68, while price stayed above 20-period MA.
• Bollinger Bands showed moderate widening, suggesting increasing volatility.
• 0.001755 acted as a strong support, with price rebounding multiple times during the session.

IQ/Tether (IQUSDT) opened at 0.001745 on 2025-12-11 at 12:00 ET, reached a high of 0.001794, and closed at 0.001756 on 2025-12-12 at 12:00 ET, with a low of 0.001745 during the 24-hour window. Total volume amounted to 48.8 million, and notional turnover was approximately $85,550.

Structure & Formations

Price showed a clear bullish bias during the early part of the session, forming a key bullish engulfing pattern near 0.001773 between 18:45 and 19:00 ET.

This was followed by a slight consolidation phase, with 0.001755 acting as a strong support level. A bearish doji appeared at 03:45 ET, suggesting hesitation in the downward move.

Moving Averages and Momentum

IQUSDT stayed above the 20-period MA for much of the session, with the 50-period MA acting as a minor resistance in the afternoon. The RSI hit 68 in the evening, indicating short-term overbought conditions, but failed to close above 70, reducing the likelihood of a sharp reversal. The MACD showed a positive divergence, with the line above the signal line most of the day, reinforcing upward momentum.

Volatility and Bollinger Bands

Bollinger Bands expanded during the peak volatility hours (18:45–21:30 ET), reflecting increased uncertainty and price swings. Price closed just below the upper band on several occasions, suggesting the market is pricing in higher volatility and potential for further upside if buyers remain active.

Volume and Turnover

Volume reached a high of 5.9 million at 20:45 ET, coinciding with a sharp rally above 0.001770. Turnover mirrored volume closely, with no major divergences, confirming price action. A significant volume spike at 0.001755 during the 03:30 ET candle indicated selling pressure at that level.

Fibonacci Retracements

A key 61.8% Fibonacci retracement level at 0.001761 was tested multiple times during the session, with price bouncing off it during the evening hours. The 38.2% retracement at 0.001777 acted as a minor resistance but failed to contain the price for long, suggesting buyers are willing to take control at higher levels.

Looking ahead, IQUSDT appears to be consolidating after a strong upward move, with key resistance near 0.001780 and support at 0.001755. Traders should watch for a break above 0.001780 for confirmation of a potential continuation or a breakdown below 0.001760 to signal a shift in sentiment. Volatility remains elevated, and sharp reversals are possible.