Market Overview for Metis/Tether (METISUSDT) on 2026-01-11

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 11, 2026 7:38 am ET1min read
METIS
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Aime RobotAime Summary

- METISUSDT surged past $5.10 with a bullish engulfing pattern, confirming renewed buying pressure.

- RSI overbought conditions and MACD peaks suggest imminent pullback risks amid $5.24 resistance.

- Late ET volume spike confirmed breakout, with price closing near Bollinger Bands' upper boundary.

- Fibonacci retracements highlight $5.24 as next resistance and $5.08 as critical support for near-term outlook.

Summary
• Price surged past $5.10 on strong volume and formed a bullish engulfing pattern.
• RSI and MACD signaled overbought conditions, suggesting a pullback could be imminent.
• Bollinger Bands showed a volatility expansion, with price closing near the upper band.
• Notional turnover spiked during the late ET session, confirming a breakout from key resistance.
• Fibonacci retracements indicate 5.24 as a potential short-term resistance and 5.08 as a support.

Market Overview

Metis/Tether (METISUSDT) opened at $4.99 on January 10 at 12:00 ET and closed at $5.22 by January 11 at 12:00 ET, with a high of $5.31 and low of $4.93 during the 24-hour window. Total volume amounted to 104,170.26 METIS, while notional turnover reached $541,739.16.

Structure and Formations

The price action displayed a strong bullish reversal with a key engulfing pattern forming at $5.15–$5.18, confirming renewed buying pressure. A critical support level appears to be forming around $5.08, while resistance is now at $5.24 based on recent Fibonacci levels. A doji formed at $4.98, suggesting hesitation before the breakout.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period moving averages crossed positively during the late ET session, supporting the bullish trend. The RSI reached overbought territory above 70, signaling potential exhaustion, while the MACD histogram showed a peak in momentum at 5.15–5.18.

Volatility and Volume

Bollinger Bands expanded significantly in the early hours of January 11, indicating rising volatility. Price closed near the upper band during the final 5-minute candle, which coincided with a massive volume spike. Volume and turnover aligned, supporting the breakout from key resistance.

Forward Outlook

The market appears poised to test $5.30 as the next resistance level, with a potential pullback into the $5.10–$5.20 range likely if short-term momentum fades. Investors should remain cautious about overbought indicators and the risk of consolidation or correction in the near term.