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Summary
• Price consolidated near $0.000973–$0.000965 range, with a failed breakout above $0.000975.
• RSI signaled overbought conditions in early ET hours, followed by a pullback.
• Volume and turnover diverged in late ET, suggesting weakening conviction.
At 12:00 ET–1 on 2025-12-29, Memecoin/Tether (MEMEUSDT) opened at $0.000972 and traded to a high of $0.000981 and a low of $0.000948 before closing at $0.000971 at 12:00 ET on 2025-12-30. Total volume was approximately 326,714,390 and notional turnover reached $313,517.62 during the 24-hour period.
Price action showed a bearish engulfing pattern near $0.000976–$0.000974 at 18:30 ET, followed by a long lower shadow at $0.000964–$0.000961 around 01:15 ET, hinting at temporary bearish rejection and a possible short-covering bounce. A doji formed near $0.000964 at 01:15 ET, signaling indecision.
On the 5-minute chart, price oscillated around the 20SMA and 50SMA, with no clear directional bias. On the daily chart, the 50DMA and 100DMA aligned closely in the $0.000965–$0.000970 range, suggesting a possible consolidation phase.

The RSI reached overbought territory (above 65) around 19:00 ET, then dropped sharply below 50 by 03:00 ET, indicating bearish momentum. The MACD remained below zero, with the signal line crossing it on the downside in the early hours, reinforcing bearish bias.
Price traded within a moderate volatility range, with Bollinger Bands widening slightly during the morning ET hours. Price tested the lower band at $0.000961–$0.000963, suggesting potential support but failed to show a convincing rebound.
Volume spiked above $0.000974–$0.000976 in the early hours of ET, but turnover lagged, indicating potential divergence. The largest turnover occurred at 01:15 ET near $0.000964, with a smaller volume footprint despite a strong move lower.
A recent 5-minute swing from $0.000948 to $0.000981 showed price pausing at the 61.8% retracement level ($0.000965) before drifting lower, suggesting a potential short-term floor. Daily Fibonacci levels aligned with the 50DMA as a potential support zone.
Looking ahead, price could test the $0.000965–$0.000962 range for a possible bounce or break below $0.000960, which could signal a deeper correction. Investors should monitor volume and divergence in the next 24 hours for confirmation of directional bias.
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