Summary
• Price drifted lower by 2.5% in 24 hours, closing near a key support area.
• Volume surged during the bearish leg, confirming the downward bias.
• RSI entered oversold territory, hinting at a potential short-term rebound.
Memecoin/Tether (MEMEUSDT) opened at $0.001095 on 2025-12-13 at 12:00 ET, peaked at $0.001106, and closed at $0.001072 on 2025-12-14 at 12:00 ET. The total 24-hour volume was approximately 480.9 million units, with a notional turnover of ~$519,966.
Structure & Formations
Price formed a bearish engulfing pattern during the early part of the session, followed by a gradual consolidation into a descending channel. A key support zone appears at $0.001065–0.001075, which was tested multiple times.
A bullish reversal could form if price holds above this area.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages both crossed below key price levels during the late afternoon and evening, reinforcing the bearish bias. On the daily chart, the 50-period SMA appears to act as a resistance at ~$0.001098–0.001100, with the 200-period SMA offering a longer-term floor at ~$0.001080.
MACD & RSI
The MACD turned negative mid-session and remained in bearish territory, while the RSI dropped to ~30, indicating oversold conditions. A bounce could be imminent, but without a corresponding MACD crossover, the move may lack conviction.
Bollinger Bands
Volatility expanded during the bearish phase, with price dipping below the lower band in the early morning hours. This suggests heightened selling pressure. The bands have since widened again, indicating a potential for a countertrend rally.
Volume & Turnover
Volume spiked during the bearish move on 12-13 at 19:15 ET, with a large block of 58.5 million units traded as price fell from $0.001101 to $0.001100. This supports the narrative of selling pressure. Turnover also surged in the final hours of the bearish leg, confirming the move.
Fibonacci Retracements
A 38.2% retracement level at ~$0.001088 served as a temporary floor late in the session, with the 61.8% level at ~$0.001078–0.001082 holding through the close. These levels could be critical for near-term buyers.
The price may find near-term support around $0.001075, but without a clear reversal pattern or a surge in buying volume, further downside into the $0.001065–0.001070 range remains a risk over the next 24 hours. Investors should watch for a bullish breakout above the $0.001085 level with strong volume to confirm a potential short-term recovery.
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