Market Overview for IQ/Tether (IQUSDT): December 23, 2025

Summary
• Price action on IQUSDT showed bearish momentum with a 0.618 Fibonacci level near 0.001534–0.001542 as key resistance.
• Volatility increased in the early morning with a surge in volume, but selling pressure persisted into the afternoon.
• RSI remained in oversold territory for much of the session, suggesting potential for a short-term rebound.

IQ/Tether (IQUSDT) opened at 0.001551 on December 22 at 12:00 ET, reached a high of 0.001559, a low of 0.001496, and closed at 0.001518 on December 23 at 12:00 ET. Total 24-hour volume amounted to 86,142,518 and notional turnover reached 130.06.

Structure & Formations

Price action on IQUSDT revealed a bearish bias over the past 24 hours, with key support levels forming between 0.001515 and 0.001508.

The pair formed multiple bearish engulfing and hanging man patterns during the afternoon, particularly after the 09:45 ET timeframe. A critical 0.618 Fibonacci retracement level at 0.001534–0.001542 held during several attempted rallies, reinforcing its role as a key resistance cluster.

Moving Averages

On the 5-minute chart, the 20- and 50-period SMAs remained bearishly aligned, with price staying well below both lines for most of the session. The daily 50-, 100-, and 200-period SMAs also showed a downward trend, indicating that the pair remains in a broader bearish phase.

Momentum & Volatility

Relative Strength Index (RSI) values stayed in oversold territory for much of the session, reaching as low as 28 by late afternoon, suggesting potential for a short-term bounce. However, the Moving Average Convergence Divergence (MACD) line remained negative, with the histogram showing little to no positive divergence.

Bollinger Bands widened in the early morning, reflecting increased volatility during the sell-off phase. Price spent most of the session near the lower band, indicating a weak and pressured market.

Volume & Turnover

Volume surged to over 16 million at 09:45 ET amid a sharp decline toward 0.001515. However, price failed to show follow-through, and turnover did not expand significantly, suggesting limited conviction behind the move. Volume remained subdued in the final hours as the pair stabilized near 0.001518.

Forward Outlook

In the coming 24 hours, buyers may test the 0.001534–0.001542 resistance cluster, but a break above this range is unlikely without a notable increase in volume and momentum. A retest of key support near 0.001508 could be a risk if the bearish sentiment persists. Investors should closely monitor the RSI and volume to gauge the strength of any potential reversal.