Market Overview for Memecoin/Tether (MEMEUSDT) – October 13, 2025

• Price action shows a bearish drift from $0.001808 to $0.001783.
• Key resistance seen at $0.001805, with multiple failed breakouts.
• Volume spiked during early morning ET before consolidating.
• Momentum indicators suggest oversold conditions at close.

Memecoin/Tether (MEMEUSDT) opened at $0.001774 on October 12, 2025 at 12:00 ET and closed at $0.001783 on October 13, 2025. The 24-hour high and low were $0.001878 and $0.001749, respectively. Total traded volume was approximately 496.4 million MEME tokens, with a notional turnover of $899.3 thousand, indicating moderate liquidity and activity.

The price moved within a tight channel for most of the session, failing to break above key resistance levels like $0.001805 and $0.001825. A bearish engulfing pattern appeared around 19:00 ET as sellers overwhelmed buyers at a peak near $0.001860. Later, the price consolidated around $0.001790, forming a potential support zone.

Structure & Formations

Price action displayed a distinct bearish bias, particularly in the early morning ET, with a sharp drop from $0.001850 to $0.001768 over a two-hour window. A key support area formed around $0.001780–0.001785, with repeated retests and bounces, but failed to show strong buying pressure. A bearish engulfing pattern formed on October 12 at 19:00 ET, suggesting a potential trend reversal or continuation. A small doji appeared at $0.001804 around midday, signaling indecision in the market.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs were closely aligned around $0.001795–0.001805, indicating a neutral to bearish bias. Price spent most of the session below these averages. On a daily timeframe (not shown), the 50-day, 100-day, and 200-day SMAs suggest a longer-term bearish trend if MEMEUSDT continues to fall below these levels.

MACD & RSI

The RSI-14 approached 30 by the close, signaling oversold conditions, but did not trigger a meaningful rebound. Momentum, as measured by the MACD, remained bearish, with the histogram showing consistent negative readings in the second half of the session. While the RSI may hint at near-term support, the MACD suggests that downward momentum is still intact.

Bollinger Bands

Price remained within the Bollinger Bands for most of the session, hovering near the lower band during the early morning ET decline. A contraction in the bands occurred between 05:00 and 09:00 ET, followed by a minor expansion as volatility returned. This suggests that MEMEUSDT may be due for a breakout or continuation to the downside.

Volume & Turnover

Volume increased significantly during the early morning ET selloff, peaking at over 164 million MEME tokens around 11:30 ET. This was accompanied by a sharp drop in price to $0.001750, suggesting strong bearish pressure. However, notional turnover remained relatively stable, with no significant divergences between price and volume. The later consolidation phase showed balanced buying and selling activity.

Fibonacci Retracements

Applying Fibonacci to the key swing low at $0.001749 and the prior high at $0.001852, price found support near the 61.8% level (~$0.001785), which coincided with the consolidation phase. A break below $0.001749 would likely target the 78.6% level (~$0.001716) as the next downside target, though this would require increased bearish momentum.

Backtest Hypothesis

The backtest strategy aims to identify bearish signals using RSI-14 and candlestick patterns such as bearish engulfing. Given today’s RSI reading near oversold levels and a bearish engulfing candle at $0.001860, these would have generated sell signals. However, the failure to follow through with further downward momentum suggests the strategy might benefit from additional filters or confirmation metrics. Once MEME-USDT data is fully accessible, we can refine this approach with a full backtest of 1-day holding periods and assess performance metrics for accuracy.