Summary
•
consolidates near 0.000965–0.000970 resistance after sharp intraday swings.
• Strong bearish momentum evident in RSI and MACD divergence during late session sell-off.
• Volume peaks at 0.000973–0.000982 range, confirming prior resistance.
• Bollinger Bands show moderate volatility expansion amid price decay.
• Fibonacci 61.8% retracement at 0.000963 supports near-term support.
At 12:00 ET on 2025-12-20, Memecoin/Tether (MEMEUSDT) opened at 0.000971, reached a high of 0.000985, and closed at 0.000967, with a low of 0.000948. Total volume was 218.32 million, and notional turnover exceeded $206 million over the 24-hour window.
Structure & Moving Averages
Price formed a bearish inside bar pattern near 0.000972 and declined into a key support range defined by the 50-period 5-minute EMA. On the daily chart, price remains below the 200-day EMA, suggesting a bearish bias.
MACD & RSI Divergence
The 12/26 MACD turned bearish with a negative crossover at 0.000973, confirming selling pressure. RSI fell into oversold territory below 30, but price continued lower, indicating bearish momentum may persist.
Bollinger Bands and Volatility
Price traded near the lower Bollinger Band for several hours after a sharp move to 0.000982, signaling increasing volatility contraction. As of close, volatility is moderate, with price stabilizing just above the 50-period 5-minute EMA.
Volume and Turnover Analysis
Volume spiked during the 0.000973–0.000982 range, confirming prior resistance. Turnover also increased in the late ET session, supporting the bearish reversal. No significant divergence between price and turnover was observed.
Fibonacci Retracements
The 61.8% Fibonacci retracement of the 0.000948–0.000982 swing is at 0.000963, which appears to provide short-term support. A break below this level may target 0.000955–0.000957.
Looking ahead, MEMEUSDT may test 0.000963–0.000965 for near-term support.
Traders should remain cautious of potential volatility spikes or news-driven moves in the next 24 hours.
MEME KLINE, RSI Chart
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