Market Overview for Memecoin/Tether (MEMEUSDT)

Summary
• Price action showed consolidation below 0.000964, with a key 61.8% Fib level at 0.000958 holding as support.
• RSI suggested mild oversold conditions, but volume divergence indicated cautious momentum.
• A bullish engulfing pattern formed near 0.000961–0.000962, hinting at short-term buying interest.
• Bollinger Bands narrowed pre-noon, followed by a moderate volatility expansion into the afternoon.
• Turnover spiked in the early morning before stabilizing, suggesting mixed participation.

At 12:00 ET–1 on 2025-12-22, Memecoin/Tether (MEMEUSDT) opened at 0.000948 and closed at 0.000964, reaching a high of 0.000973 and a low of 0.000934. Total volume was 269.6 million, and notional turnover amounted to $259.5 million over the 24-hour window.

Structure and Key Levels

Price found strong support at 0.000958, aligning with the 61.8% Fibonacci retracement of the morning low. Resistance at 0.000964 and 0.000969 showed mixed pressure, with a bullish engulfing pattern forming at the latter level. A doji appeared near 0.000963, suggesting indecision after a rally.

Momentum and Volatility

RSI dipped into oversold territory in the early morning, but volume failed to confirm the bounce. MACD remained in neutral territory with a weak bullish crossover. Bollinger Bands contracted before noon, followed by a moderate expansion as price moved into the upper band by midday.

Volume and Turnover Dynamics

Volume surged early (6:00–7:00 AM ET) before stabilizing. A divergence between price and volume in the early morning suggested weakening bearish momentum. Turnover was robust in the 4:00–5:00 AM window but faded as the session progressed.

Looking ahead, MEMEUSDT appears to be testing the 0.000964–0.000969 range. A close above 0.000969 could invite further bullish action, though a breakdown below 0.000958 would likely trigger renewed bear pressure. Investors should remain cautious of thin volume levels and mixed momentum indicators.