Market Overview for Memecoin/Tether (MEMEUSDT) – October 22, 2025

• Price dropped from 0.001793 to 0.001616 over 24 hours, closing near the session low.
• Volatility expanded during the session, with a high/low range of 0.000117.
• RSI and MACD signaled bearish momentum, with overbought conditions at the start of the session.
• Bollinger Bands showed a moderate expansion, with price closing near the lower band.
• Volume was unevenly distributed, with a sharp drop in turnover in the final hours.

24-Hour Snapshot

At 12:00 ET–1 (October 21, 2025), Memecoin/Tether opened at $0.001775. Over the next 24 hours, the pair reached a high of $0.001793 and a low of $0.001598 before closing at $0.001616 at 12:00 ET. Total trading volume amounted to 1,525,620,629.0 units, with a notional turnover of $2,519,599.59. The bearish bias was reinforced by a series of dark setups, including multiple bearish engulfing patterns and a long lower shadow in the final candle.

Structure & Formations

Key support levels emerged at $0.001620 and $0.001600, both of which saw repeated price testing. Resistance was observed at $0.001655 and $0.001680, where multiple candles formed doji or inverted hammers. A notable bearish engulfing pattern occurred around 17:00–19:00 ET–1 (UTC+4), confirming a shift in sentiment from bullish to bearish.

Technical Indicators

The 20-period and 50-period moving averages (15-min chart) showed a steep bearish crossover, with the price closing below both. RSI fell into oversold territory below 30 by late ET–1 but failed to recover, signaling a potential continuation of the downward trend. MACD lines showed bearish divergence, with the histogram shrinking during the final hours, indicating waning momentum.

Bollinger Bands expanded early in the session, reaching a width of ~$0.000016. Price remained near the lower band for the majority of the session, with a sharp retest of the band at 11:15–11:45 ET. Volatility showed signs of stabilizing toward the end of the day.

Fibonacci retracements drawn from the high of $0.001793 to the low of $0.001598 showed price closing just above the 61.8% level (~$0.001647), a potential area of psychological support.

Volume and Turnover

Volume was most active during the early hours of the session, with a 15-minute candle at 21:30 ET–1 showing over 52.8 million units traded. This coincided with a drop of 0.000024 in price. In contrast, the final hours saw a marked drop in volume and turnover despite a modest rally in price toward $0.001645. This divergence suggests weakening conviction in the bounce.

Backtest Hypothesis

Given the bearish patterns and confirmed overbought conditions in the RSI and MACD, a backtest based on detecting Dark-Cloud-Cover signals could provide insights into short-term risk management strategies. The inability to automatically fetch this signal for the current symbol highlights the importance of data validation and symbol accuracy in executing such strategies. Once the correct symbol is confirmed or additional price data provided, this strategy could be applied to historical data from 2022–2025, testing the efficacy of short entries on bearish reversals.

Forward Outlook

The bearish trend appears to have momentum, with key support at $0.001620 likely to be tested. A break below that could target $0.001580, but a rebound to $0.001650 remains a potential counter-trend scenario. Investors should remain cautious due to the low volume in recent candles, which suggests potential consolidation or a temporary pause in the bearish drive.