Market Overview for IQ/Tether (IQUSDT) on 2025-12-14

Summary
• Price declined from 0.001746 to 0.001697, with bearish momentum in final hours.
• Volume surged over 6 million at 10:15 ET as price dropped to 0.001715.
• 61.8% Fibonacci support at ~0.001721 briefly held but failed to reverse trend.
• RSI below 30 suggests oversold conditions, though bearish trend remains intact.
• Bollinger Bands widened during morning sell-off, signaling increased volatility.

IQ/Tether (IQUSDT) opened at 0.001745 on 2025-12-13 at 12:00 ET and closed at 0.001697 at 12:00 ET the following day. The 24-hour range was 0.001768 (high) to 0.001687 (low). Total volume reached 39,565,376, with a notional turnover of approximately $68,000 (based on average price of $0.001720).

Structure & Formations

Price action formed a bearish continuation pattern following a sharp sell-off in late morning, with key support at 0.001721 (61.8% Fibonacci) failing to hold. A long lower shadow on the 08:15–08:30 ET candle signaled buying pressure, but it was quickly reversed. The session’s final candle (17:00 ET) showed a bearish continuation, closing near its low at 0.001697.

Moving Averages

On the 5-minute chart, the 20-period MA crossed below the 50-period MA, forming a bearish “death cross” in the final hours. Daily moving averages suggest a continuation of bearish bias, with the 50-period line below both the 100- and 200-period MAs, indicating medium-term bearish momentum.

Momentum and Volatility

RSI fell below 30 early in the session, signaling oversold territory, but failed to bounce off that level, confirming bearish momentum. MACD turned negative in the late morning and remained below its signal line, reinforcing the downtrend.

Volatility expanded significantly during the 10:15 ET candle, with a 0.61% drop and a volume spike to 6.4 million.

Volume and Turnover

Volume peaked at 6.4 million at 10:15 ET as price dropped to 0.001715, confirming the bearish move. Turnover increased sharply during the sell-off, but diverged from price during a modest rebound between 04:00–05:00 ET, indicating weak conviction in buyers.

Key Levels and Outlook

The 0.001721 support (61.8% Fibonacci) appears to have failed, suggesting a potential test of the 0.001709 level (38.2% Fibonacci). A break below 0.001709 could trigger further downside toward 0.001691, the session’s lowest point. If buyers fail to defend that level, the 0.001685–0.001687 range could become the next area of interest.

Traders may watch for a potential bounce off the 0.001705–0.001709 range in the coming 24 hours, but the bearish momentum remains strong. A surprise recovery above the 0.001718–0.001723 cluster could challenge the bearish bias, but this seems unlikely in the near term. Investors should remain cautious about short-term volatility and the risk of further downside.