Market Overview for Magic Eden/Tether (MEUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Dec 18, 2025 2:50 am ET1min read
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Aime RobotAime Summary

- MEUSDT price dropped from 0.222 to 0.214, forming bearish patterns below key 0.218 support.

- Late-night volume surge confirmed breakdown, with RSI nearing oversold levels and MACD signaling negative momentum.

- Bollinger Bands expansion and Fibonacci analysis highlight 0.2126 as critical support for potential bounce or further decline.

- Consolidation near 0.214-0.216 suggests short-term uncertainty, but sustained moves below 0.2126 could trigger deeper bearish pressure.

Summary
• Price declined from 0.222 to 0.214 by 12:00 ET, forming bearish patterns.
• Volume surged in late-night hours, confirming a breakdown below 0.218.
• RSI and MACD indicate weakening momentum, with RSI approaching oversold territory.
• Volatility expanded near 0.215–0.218, key support and resistance contested.

Magic Eden/Tether (MEUSDT) opened at 0.222 on 2025-12-17 at 12:00 ET, peaked at 0.223, and closed at 0.214 by 12:00 ET on 2025-12-18. Total volume over 24 hours was 1,923,871.14, with a turnover of 400,478.98.

Structure & Formations


Price action showed a bearish breakdown below 0.218, with a significant 5-minute bearish engulfing pattern at 2025-12-17 20:00:00. The area between 0.215 and 0.218 emerged as a contested range, showing repeated failed attempts to retest higher.

Moving Averages


On the 5-minute chart, price closed below the 20SMA and 50SMA, confirming a short-term bearish bias. The 50-period SMA acted as a dynamic resistance, with the price unable to reclaim the level after 2025-12-18 05:15:00.

MACD & RSI


MACD crossed into negative territory with a bearish signal line crossover, indicating a shift in momentum.
RSI fell from 55 to 30 during the early morning, hinting at oversold conditions and potential consolidation or a short-term rebound.

Bollinger Bands


Bollinger Bands expanded as price broke down below the lower band, signaling increased volatility. Price has remained below the middle band for most of the session, suggesting continued pressure toward key Fibonacci support at 0.2126.

Volume & Turnover


Volume spiked late in the session with large candle formations, particularly after 0.218 was breached. Turnover confirmed this breakdown, with a large block of trading seen at 2025-12-18 05:15:00, where price collapsed from 0.2154 to 0.2126.

Fibonacci Retracements


Applying Fibonacci to the 0.223–0.2116 swing, key support levels sit at 0.2126 (38.2%) and 0.2117 (61.8%). These levels are critical for near-term direction, with a potential bounce or further breakdown expected depending on order flow.

Price appears to be consolidating around 0.214–0.216 in the next 24 hours, but a sustained break below 0.2126 could trigger deeper bearish momentum. Investors should closely monitor the 0.2126 level for signs of support or breakdown.