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Summary
• Price consolidation around key 20-period moving average suggests indecision in the 24-hour
IQ/Tether (IQUSDT) opened at 0.01970 at 12:00 ET − 1, reached a high of 0.01987, and a low of 0.01958, closing at 0.01972 at 12:00 ET. The 24-hour volume was 1,890,000, with notional turnover of $37,800.
Price action shows a narrow trading range with support forming near 0.01958 and resistance emerging at 0.01987.

On the 5-minute chart, price closely aligned with the 20-period moving average, indicating sideways momentum. Daily chart averages (50/100/200) show a neutral bias, with no clear trend in either direction.
MACD lines remain near zero, indicating a lack of directional momentum. RSI hovered around 50, showing balanced buying and selling pressure. No overbought or oversold conditions were observed.
Price action remained within Bollinger Bands, indicating low volatility. A slight contraction in band width suggests traders are waiting for a catalyst to drive the next directional move.
Volume and turnover remained steady throughout the 24-hour window, with no sharp spikes or divergences. The absence of a volume-based confirmation suggests that the current range-bound behavior could persist.
On the 5-minute chart, price tested the 50% retracement level between 0.01958 and 0.01987, suggesting a potential pivot point for near-term action. Daily swings have not reached major Fib levels yet, leaving room for either continuation or reversal.
IQ/Tether (IQUSDT) may remain in consolidation for the next 24 hours as traders await stronger momentum or catalysts. A break above 0.01987 could attract buyers, but risks are limited to a $10–$15 notional range due to low volume.
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