Summary
• Price declined sharply from $5.55 to $5.14 on heavy volume, forming a bearish breakdown pattern.
• RSI and MACD confirmed bearish momentum with overbought conditions dissolving into oversold territory.
• Volatility expanded as price broke below key support at $5.30 and tested Bollinger Band lower boundary.
Market Overview
At 12:00 ET–1 on December 17, 2025, Metis/Tether (METISUSDT) opened at $5.48 and declined sharply, with a low of $5.14. Total 24-hour volume reached 123,522.98, and turnover reached $668,865. The price appears to be in a strong bearish phase, with key support levels now in play.
Structure & Formations
Price action revealed a bearish breakdown from the $5.48–$5.55 consolidation range. A large bearish candle closed at $5.32 near 12:00 ET, confirming the breakdown. Notable support levels include $5.14 (low) and $5.21 (prior low), with resistance likely forming at $5.27 and $5.33. A bearish engulfing pattern formed at $5.48–$5.38, signaling a shift in sentiment.
MACD & RSI
MACD turned sharply negative during the breakdown, with bearish divergence between price and momentum. RSI moved from overbought to oversold territory, confirming the strength of the downward move. Caution is warranted as RSI at 28 suggests a potential near-term rebound could occur, though the bearish bias remains intact.
Bollinger Bands
Bollinger Bands expanded during the price drop, with the low of $5.14 touching the lower band. Price has been range-bound within the bands until the breakdown, suggesting volatility has now increased. The next move may test if the breakdown is a continuation or a false signal.
Volume & Turnover
Volume spiked during the breakdown from $5.55 to $5.38, especially during the 18:45 ET–19:00 ET window, with a single candle printing 18,588.98 volume.
Turnover surged alongside the price decline, indicating strong conviction in the bearish move.
Fibonacci Retracements
Fibonacci levels from the recent high of $5.55 to the low of $5.14 suggest key retracement levels at $5.28 (38.2%) and $5.38 (61.8%). A bounce off $5.21 may find initial resistance at $5.28, with a potential retest of $5.33 if buyers enter.
The price may consolidate near $5.14–$5.21 for the next 24 hours, with a potential rebound to $5.28–$5.33 if oversold conditions trigger buying interest. However, a break below $5.14 could extend the move toward $5.09, so traders should monitor volume and RSI levels for further clues.
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