Market Overview for Metis/Tether (METISUSDT)

• Price fell from $15.80 to $14.43, with heavy volume near the bottoming zone.
• RSI hit oversold levels, suggesting potential short-term bounce.
• Volatility expanded on the downside, as seen in Bollinger Bands.
• A bullish reversal pattern formed near $14.62, with confirmation on higher volume.
• Notional turnover peaked during the 24-hour low formation, indicating possible capitulation.

Metis/Tether (METISUSDT) opened at $15.55 on 2025-09-14 12:00 ET, reached a high of $15.83 and a low of $14.41 before closing at $14.55 on 2025-09-15 12:00 ET. Total volume traded was 126,307.95 METIS, and notional turnover amounted to approximately $1.89 million over the 24-hour period.

Structure & Formations

The candlestick structure for METISUSDT over the past 24 hours showed a sharp selloff from $15.80 to $14.41, with a significant bearish breakdown forming. A bullish reversal pattern emerged at the bottoming zone near $14.62, marked by a higher close following a lower open. This pattern is reinforced by higher-than-average volume. Key support levels to watch are at $14.43 (23.6% Fibonacci), $14.55 (38.2%), and $14.65 (50%). Resistance levels are at $14.88, $15.03, and $15.20.

Moving Averages

On the 15-minute chart, the price has been below both the 20 and 50 EMA lines, reinforcing the bearish bias. On the daily chart, the 50 EMA (approximately $15.15) is a major resistance, while the 100 EMA is at $14.95 and the 200 EMA at $14.75. The price is currently well below all of these, indicating a strong downtrend with potential for further consolidation if buyers step in.

MACD & RSI

The MACD line has been negative throughout the 24-hour period, with the signal line crossing below it during the selloff. The RSI has entered the oversold zone around 27–30, indicating that the asset may be due for a short-term bounce. However, RSI remains below 40, and a sustained close above 50 would be needed to confirm bullish momentum.

Backtest Hypothesis

A potential backtesting strategy for METISUSDT could involve entering a long position at a close above the 50-period EMA on the 15-minute chart, with a stop-loss placed below the most recent bearish reversal pattern. This setup would align with the observed Fibonacci levels and RSI divergence, suggesting a potential mean reversion opportunity. The strategy would aim to capture short-term volatility following oversold conditions.

Bollinger Bands

The Bollinger Bands expanded significantly during the selloff, indicating increased volatility on the downside. Price action during the last few hours has been near the lower band, suggesting the potential for a rebound or consolidation phase. A break above the upper band could indicate a shift in momentum, but such a move would need to be confirmed with rising volume and RSI above 50.

Volume & Turnover

Volume spiked during the breakdown phase below $14.62, with large notional turnover concentrated in the 14:15–16:00 ET timeframe when price reached its lowest level. The divergence between volume and price is minimal, meaning the selloff was broadly supported. A sharp increase in volume during an upward bounce would signal strong buyer interest.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from $15.83 to $14.41, the 38.2% retracement at $14.55 and the 61.8% at $14.65 appear to be critical levels. If the price consolidates near these levels, it could provide a setup for a higher time frame reversal or at least a countertrend rally before further testing of support at $14.43.

The near-term technical setup suggests that while the trend remains bearish, there are early signs of a potential rebound from oversold levels and key Fibonacci support. Investors should closely monitor volume and RSI for signs of buyer participation. A sustained move above $14.65 could shift the near-term bias, though a further test of $14.41 is a real risk if short-term bullish signals fail to confirm.