Market Overview for IQ/Tether (IQUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byTianhao Xu
Monday, Jan 12, 2026 12:35 am ET1min read
IQ
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Aime RobotAime Summary

- IQ/Tether (IQUSDT) formed a bearish engulfing pattern near $0.001740, with volume surging during the sharp decline.

- RSI approached oversold levels but failed to hold above the 61.8% Fibonacci support, signaling weak rebound potential.

- Expanding Bollinger Bands and a doji at $0.001710 highlight bearish control, with price lingering near the lower band.

- A retest of $0.001706 could trigger further selling, while volume divergence suggests potential trend uncertainty.

Summary
• Price declined sharply into early ET hours, forming a bearish engulfing pattern near $0.001740.
• Volume surged during the drop, confirming bearish momentum despite a brief rally later.
• RSI approached oversold levels, but price did not hold above the 61.8% Fibonacci support.
• Bollinger Bands showed expanding volatility, with price lingering near the lower band.

At 12:00 ET – 1, IQ/Tether (IQUSDT) opened at $0.001756 and traded between $0.001756 and $0.001702 over the next 24 hours, closing at $0.001707 by 12:00 ET. Total volume reached 63.86 million, with a turnover of approximately $10.95 million.

Structure & Formations


The session saw a distinct bearish bias, with a strong breakdown below key support at $0.001740. A bearish engulfing pattern formed near that level, indicating a shift in sentiment. The price then tested the 61.8% Fibonacci retracement at $0.001710, but failed to hold, with a doji forming at the lower end of the range. This suggests a lack of conviction in any immediate rebound.

Moving Averages and Momentum


Short-term 20 and 50-period moving averages on the 5-minute chart sloped downward, reinforcing the bearish bias. RSI pushed into oversold territory in the early hours, but the lack of follow-through buying weakened the signal. MACD confirmed bearish momentum with a deepening negative histogram as the price declined.

Volatility and Bollinger Bands


Bollinger Bands expanded during the sharp decline, with the price hovering near the lower band. The wide band reflects heightened volatility as bears took control. The expansion could indicate a continuation of the trend, although a reversal may occur if the price holds above $0.001706.

Volume and Turnover


Volume spiked during the sharp sell-off between 23:15 and 00:30 ET, with the largest turnover occurring between 00:15 and 00:45 ET. However, the price failed to form a clear bottom during this period, indicating potential indecision. A divergence between price and volume may suggest further consolidation or a potential reversal in the near term.

The market appears to be in a consolidation phase after the sharp drop, with bears maintaining control. A retest of $0.001706 could trigger further short-term selling, while a break above $0.001725 may signal a temporary pause in the downtrend. Investors should remain cautious and monitor volume during the next few hours for confirmation of any directional bias.