Market Overview for Metis/Tether (METISUSDT) – 24-Hour Summary
• Price surged 7.9% in 24 hours, driven by strong bullish momentum after breaking above $16.00.
• RSI climbed into overbought territory, signaling potential pullback despite sustained volume.
• Volume expanded significantly during the breakout, confirming the strength of the move.
• A bullish engulfing pattern emerged at key support, reinforcing the likelihood of further upside.
• Price traded within an ascending channel, suggesting continuation of the trend is probable.
Metis/Tether (METISUSDT) opened at $15.58 on 2025-09-12 12:00 ET, surged to a 24-hour high of $16.66, and closed at $16.29 by 2025-09-13 12:00 ET. Total volume reached 43,195.89 METIS, with a notional turnover of $694,265. The 24-hour period featured a strong bullish breakout supported by increasing volume and momentum.
Structure & Formations
Price exhibited a textbook bullish breakout above a key resistance at $16.00, followed by a bullish engulfing pattern at $16.30. The formation confirmed buying strength as the price rejected at this level and pushed higher. A 15-minute doji formed near $16.37, signaling a temporary pause in momentum but not a reversal. The price remains within an ascending channel, suggesting further gains could occur if the upper trendline is tested.


Moving Averages
On the 15-minute chart, the 20-period and 50-period moving averages are in a bullish crossover, with the price consistently above both. On the daily timeframe, the 50-period moving average is approaching the 100-period line from below, indicating potential for a golden cross. The 200-period MA remains a critical long-term support level at ~$15.95.
MACD & RSI
The MACD showed a strong bullish crossover with increasing histogram bars, confirming momentum. RSI climbed into overbought territory above 70, indicating that a consolidation or minor pullback may be imminent. However, as long as volume remains strong, a continuation above the overbought level could be sustained.
Bollinger Bands
Volatility expanded significantly during the breakout phase, with price closing just below the upper band at $16.66. The 15-minute BollingerBINI-- bands widened from a tight contraction near $16.00, signaling increased participation. Price currently resides within the upper half of the bands, suggesting a continuation of the bullish trend is likely unless a reversal candle forms.
Volume & Turnover
Volume spiked during the breakout above $16.00, with over 3,000 METIS traded in the 15-minute candle that closed at $16.35. Notional turnover increased by over 300% in that same timeframe, confirming the strength of the move. Divergences between price and turnover were not observed, supporting the validity of the bullish trend.
Fibonacci Retracements
The 38.2% and 61.8% Fibonacci retracement levels from the recent swing low at $15.58 to the high at $16.66 are at $16.18 and $16.48, respectively. The price has already exceeded the 38.2% level and is approaching the 61.8% level. A retest of these levels may occur before the price attempts a new high.
Backtest Hypothesis
A backtest strategy could be built around the 20-period EMA and RSI divergence on the 15-minute chart. A long entry could be triggered when the EMA flips above the 50-period line and RSI moves out of oversold territory with expanding volume. A stop-loss could be placed at the 61.8% Fibonacci level, with a take-profit at the next ascending trendline breakout. The recent bullish engulfing pattern provides a high-probability setup for this approach.



Comentarios
Aún no hay comentarios