Summary
• Price consolidates near 5.07–5.08 resistance cluster after sharp early sell-off.
• Volume surges during 09:00–09:15 ET rally but fails to confirm strong reversal.
• RSI near 50 signals neutral momentum, while MACD trended lower with bearish divergence.
• Bollinger Band squeeze suggests potential volatility burst ahead of 12:00 ET.
• Fibonacci 61.8% level at ~5.04 offered temporary support during early session dip.
Metis/Tether (METISUSDT) opened at 5.10 on 2025-12-30 12:00 ET, reached a high of 5.12, a low of 4.97, and closed at 5.07 by 2025-12-31 12:00 ET. Total volume was 39496.926, with notional turnover of approximately $200,340. Price action showed a bearish bias after testing key resistance levels and a late-day rally failed to hold above 5.10.
Structure & Formations
Price tested a 5.07–5.08 consolidation zone for most of the session, with a bearish engulfing pattern forming at 03:15 ET as price closed lower than the prior 5-minute period. A sharp drop from 5.12 to 5.00 in early morning trading created a potential 61.8% Fibonacci support level at 5.04, which held briefly before further decline.
Moving Averages and Momentum
On the 5-minute chart, 20- and 50-period moving averages converged near 5.07–5.08, reinforcing the key level. Daily moving averages (50/100/200) are not directly observable in the 5-minute data but appear to support a broader consolidation phase. The RSI trended downward from 58 to 52, suggesting bearish momentum despite neutral readings. MACD declined from a positive base to a weak negative value, showing bearish divergence.
Volatility and Bollinger Bands
Bollinger Bands contracted around 07:00–08:30 ET, indicating potential for a volatility burst. By 09:00 ET, the 5.00–5.12 range saw expansion, with price bouncing off the lower band at 5.00 before a sharp rally.
Volume and Turnover
Volume spiked at 09:00–09:15 ET during the 4.97–5.12 rebound but failed to push above the 5.12 level, indicating weak conviction. Notional turnover mirrored the volume pattern, suggesting a potential exhaustion of buying pressure.
Forward Outlook and Risk
Price may attempt a test of the 5.10–5.12 range in the next 24 hours, but a sustained break above 5.12 could signal a broader reversal. Conversely, a retest of 5.03–5.04 with bearish confirmation could extend the downward trend. Investors should monitor volume and RSI for confirmation of any breakout.
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