Market Overview for IQ/Tether (IQUSDT) on 2026-01-11

Summary
• Price climbed from 0.00175 to 0.001776 before retreating near 0.00174.
• Momentum shifted midday, with RSI showing overbought conditions before a reversal.
• Volatility surged during the morning rally, with volume increasing by 3x.
• A bullish engulfing pattern formed at 0.001765 before a bearish reversal at 0.001776.
• Bollinger Bands widened after the 19:30 ET peak, showing increased uncertainty.

IQ/Tether (IQUSDT) opened at 0.00175 on 2026-01-10 at 12:00 ET, reached a high of 0.001776, touched a low of 0.001734, and closed at 0.00174 at 12:00 ET on 2026-01-11. The 24-hour volume was approximately 16,925,541 and turnover reached 29,335.34.

Structure & Formations

The price formed a key resistance level between 0.001765 and 0.001772, where a bullish engulfing pattern appeared before a bearish reversal at 0.001776. A long-legged doji formed at 0.001770, indicating indecision among traders. Support was retested at 0.00175 and 0.001743, where the price found temporary stability.

Moving Averages

On the 5-minute chart, the price broke above the 20-period and 50-period moving averages during the morning rally, reaching a peak near 0.001776. However, by late evening, the price had fallen below both, signaling a potential short-term reversal. On the daily chart, the 50-period MA was above the 200-period MA, suggesting a bullish bias in the longer term.

MACD & RSI

Momentum surged midday as the MACD histogram widened, reaching a peak at 19:30 ET. RSI hit overbought territory above 70, which coincided with a price peak at 0.001776. The subsequent bearish divergence in RSI suggested a likely pullback, which occurred over the next 4 hours.

Bollinger Bands

Bollinger Bands expanded during the morning rally, reflecting increased volatility. At 19:30 ET, the price touched the upper band at 0.001776, before falling below the middle band by 02:45 ET. The bands had since contracted, suggesting a period of consolidation may be forming.

Volume & Turnover

Volume spiked to 4.55 million at 17:45 ET and again to 2.39 million at 19:30 ET, confirming the morning breakout and afternoon peak. Turnover increased in tandem, peaking at 8,019.81 at 17:45 ET and 4,224.48 at 19:30 ET. A divergence between volume and price appeared in the late-night session, as volume declined even as the price drifted lower, suggesting reduced conviction in the bearish move.

Fibonacci Retracements

The rally from 0.00175 to 0.001776 saw a pullback to the 61.8% Fibonacci level at 0.001763 before continuing lower. The 38.2% retracement at 0.001754 was a minor support level that held briefly in the early morning. On the daily chart, a key Fibonacci level at 0.001745 may offer near-term support.

The price appears to be in a short-term bearish phase after a strong morning rally, with momentum indicators and volume divergence suggesting potential for a near-term bottom. A retest of 0.00175 or a breakout above 0.001772 could signal the next directional move. Investors should remain cautious of further consolidation and possible volatility shifts in the next 24 hours.