Market Overview for Metis/Tether (METISUSDT) on 2026-01-18

Generated by AI AgentAinvest Crypto Technical RadarReviewed byTianhao Xu
Sunday, Jan 18, 2026 6:58 am ET1min read
METIS
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Aime RobotAime Summary

- METISUSDT failed to hold $5.95 resistance, plunging to $5.73 with $650,946 24-hour turnover confirming bearish momentum.

- RSI hit oversold levels near 30 and Bollinger Bands expanded, signaling heightened volatility and potential short-term rebound.

- A bullish engulfing pattern emerged at $5.73 low, suggesting accumulation, though rebound volume waned, indicating weak recovery conviction.

- Key Fibonacci level at $5.79 and $5.63 support could dictate near-term direction, with further downside risks if support fails.

Summary
• Price tested key resistance at $5.95 and failed to hold, reversing to a 24-hour low of $5.73.
• Volume surged during the downward move, confirming bearish momentum with a 24-hour turnover of $650,946.
• RSI hit oversold territory near 30, suggesting potential for short-term bounce after the sharp decline.
• Bollinger Bands showed expansion during the selloff, reflecting heightened volatility.
• A bullish engulfing pattern emerged at the daily low, hinting at near-term buying interest.

24-Hour Price and Volume Snapshot


At 12:00 ET on 2026-01-18, Metis/Tether (METISUSDT) opened at $5.87, peaked at $6.00, and reached a low of $5.63 before closing at $5.67. Total 24-hour volume amounted to 59,795.91, with a notional turnover of $650,946.

Structure and Price Action


The price action revealed a key resistance cluster between $5.95–$6.00, where the asset failed to maintain gains, triggering a sell-off. A bearish breakdown followed, with support testing at $5.73–$5.75, where a bullish engulfing pattern emerged, signaling short-term accumulation.

Momentum and Volatility Indicators


RSI dropped below 30 during the selloff, indicating oversold conditions and potential for a rebound. MACD showed a bearish crossover mid-session, reinforcing the downward move. Bollinger Bands expanded during the decline, reflecting increased volatility.

Volume and Turnover Analysis


Volume spiked significantly during the decline, especially after 04:00 ET, with the largest bar showing 11,440.44 volume and $65,094.61 turnover. This confirmed bearish momentum. However, volume dipped during the rebound, suggesting a possible lack of conviction in the recovery.

Fibonacci and Key Levels


The 61.8% Fibonacci retracement level of the $5.63–$6.00 swing sits at $5.79, which could serve as a near-term resistance if the asset recovers. The $5.63 level may act as a floor, with a potential bounce into the $5.75–$5.80 range.

The market appears to be in a short-term consolidation phase after the sharp selloff, with mixed signals between bearish volume and potential for a rebound. Investors should watch the $5.75–$5.78 range for signs of recovery, though further downside risks remain if support fails.