Market Overview for Metis/Tether (METISUSDT) – 24-Hour Analysis

• Price surged 9.2% from $13.67 to $14.04, fueled by a late-night breakout and sustained bullish momentum.
• RSI reached 62 by morning, suggesting overbought territory, while Bollinger Bands widened to show rising volatility.
• A key support area at $13.82 and resistance at $14.18 were tested multiple times, with volume spiking during critical breaks.
• Notable volume spikes occurred between 02:45–04:00 ET, confirming price moves above $14.00.
• Fibonacci retracement levels at $13.96 and $14.31 played a role in short-term consolidation and push higher.

Metis/Tether (METISUSDT) opened at $13.67 on 2025-10-04 at 12:00 ET and closed at $14.04 by the same time on 2025-10-05. The 24-hour range reached $14.69 high and $13.66 low. Total volume traded was 52,492.05 METIS, with a notional turnover of $729,249.67.

The 15-minute chart revealed a clear bullish bias throughout the session, with a critical breakout above $14.00 occurring around 02:45 ET. This move was confirmed by a bullish engulfing pattern and strong volume of $14.02K. Resistance levels at $14.18 and $14.31 were tested but not decisively broken. Key support held at $13.82, as seen in a strong bearish rejection candle during the 09:30–10:00 ET session. The price action suggests the pair is consolidating in a higher volatility range, with buyers showing resilience above $14.00.

Moving averages on the 15-minute chart showed the 20 EMA crossed above the 50 EMA by 03:30 ET, confirming a short-term bullish bias. On the daily chart, the 50 SMA sat at $13.77, with the 200 SMA at $13.61, suggesting the market is trading well above longer-term support. The 100 SMA at $13.84 acted as a dynamic support level during a minor pullback. These crossovers indicate a strong uptrend in both timeframes, with no immediate signs of bearish exhaustion.

The RSI on the 15-minute chart rose to 62 by 05:15 ET, signaling overbought conditions, though it retreated to mid-50s by 14:00 ET, reflecting a healthy correction. MACD remained positive for most of the session, with the histogram showing strong bullish momentum during the 02:45–04:00 ET period. Bollinger Bands expanded significantly from 03:00–07:00 ET, indicating rising volatility, while the price closed near the upper band at 08:15 ET, hinting at possible continuation.

Fibonacci levels were active during key swings. A 61.8% retracement level at $13.96 acted as support before a breakout above $14.00, while the 38.2% level at $14.31 was a psychological resistance. The 15-minute swing from $13.66 to $14.69 produced a 61.8% retracement level at $14.31, which the price failed to hold, suggesting a potential retest of the $14.20–$14.30 range in the next 24 hours.

Backtest Hypothesis
The observed technical indicators—especially the bullish engulfing pattern, strong MACD divergence, and volume confirmation—suggest a potential long entry strategy could have been triggered around 02:45 ET. A backtest could involve entering long on a break of the $14.00 level with a stop-loss just below $13.92 and a target at the 61.8% retracement level of $14.31. The RSI overbought condition could act as an early exit signal if price fails to hold above $14.20. This strategy would capitalize on the 15-minute breakout and confirmatory volume, aligning with the observed short-term bullish bias.