Summary
• Price declined from 0.00174 to 0.001687 amid bearish momentum.
• Volume surged near the session low, indicating intensified selling pressure.
• Key support tested at 0.00169–0.00170 and appears to have failed.
IQ/Tether (IQUSDT) opened at 0.001739 on 2026-01-14 at 12:00 ET, reached a high of 0.00174, a low of 0.001682, and closed at 0.001687 by 12:00 ET on January 15. The 24-hour notional turnover was approximately $10,802.33, with a total volume of 14,762,244.
Structure & Formations
Price action from 0.00174 down to 0.001682 displayed a bearish channel, with a bearish engulfing pattern emerging around 0.001722–0.001716. A bearish continuation bias was reinforced by the breakdown below the 0.00170 psychological level, which may now serve as a near-term resistance.
Moving Averages
On the 5-minute chart, price closed well below the 20 and 50-period moving averages, reinforcing a short-term bearish trend. The daily 50/100/200 MA lines are not directly visible in this dataset, but the 24-hour close at 0.001687 suggests a move below intermediate-term averages if they are above this level.
MACD & RSI
MACD momentum turned decisively bearish late in the session, with a negative divergence forming against price as it approached its low. RSI remained below 30 for much of the session, indicating oversold conditions, though price has not yet found a floor, suggesting further downside risk.
Bollinger Bands
Volatility expanded during the late session as price traded near the lower Bollinger Band. The 5-minute bands widened during key declines, particularly in the 19:00–04:00 ET period, confirming heightened bearish volatility.
Volume & Turnover
Volume spiked during the breakdown below 0.00170, with the 23:45–00:00 ET period showing a volume of over 1 million and a notional value of ~$1,721.57. This confirms conviction in the bearish move.
Fibonacci Retracements
Key Fibonacci levels from the 0.00174 high down to 0.001682 include 0.001723 (38.2%), 0.001714 (50%), and 0.001706 (61.8%). The 61.8% level at 0.001706 was tested but broken, suggesting a possible next target at 0.001691.
IQ/Tether appears to be in a short-term bearish trend with technical indicators and volume confirming the move lower. The next 24 hours could see further consolidation near 0.00169–0.001685, but traders should remain cautious as oversold conditions may trigger a temporary rebound.
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