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Summary
• Price surged from $5.34 to $6.50 on 5-minute charts before consolidating near $5.56.
• A bullish engulfing pattern formed at 19:45 ET, followed by a bearish rejection at 00:30 ET.
• Volume spiked during the $6.50 high but declined sharply post-02:00 ET, signaling fading momentum.
• RSI indicated overbought conditions at $6.50 and oversold at $5.45, suggesting mean reversion pressure.
• Price remains above the 20-period MA on 5-minute charts, but the 50-period MA appears as near-term support.
Metis/Tether (METISUSDT) opened at $5.37 on 2026-01-14 at 12:00 ET, surged to $6.50, dipped to $5.45, and closed at $5.56 at 12:00 ET on 2026-01-15. The total 24-hour volume was 1,154,848.295, with a notional turnover of $6,552,055.58.
Structure & Candlestick Formations
The 5-minute chart displayed a bullish engulfing pattern at 19:45 ET, followed by a strong rejection at 00:30 ET, suggesting short-term indecision. A doji formed at 05:15 ET, reinforcing consolidation. Key support levels were identified near $5.55–5.57, with resistance at $5.63–5.65.
MACD & RSI Indicators

Bollinger Bands & Volatility
Volatility expanded during the peak at $6.50, with price touching the upper band, and later contracted into a narrow range near the lower band. This pattern suggests a potential breakout or continuation within the channel.
Volume & Turnover Analysis
Volume spiked to over 115k at 19:45 ET during the bullish move but dropped significantly after 02:00 ET, suggesting reduced conviction. Turnover peaked at $731k during the $6.50 high but declined thereafter. Price and turnover aligned during the initial rally, but diverged afterward, indicating possible exhaustion.
Fibonacci Retracements
Key 5-minute retracement levels at 38.2% ($5.97) and 61.8% ($5.66) aligned with notable price pauses. On the daily chart, a 61.8% retracement of the previous swing sits near $5.56, which could act as a critical support level.
Price may test $5.56–5.57 support over the next 24 hours, with a potential rebound to $5.64 if buyers re-enter. However, a break below $5.50 could trigger further selling. Investors should monitor volume and RSI divergence for early reversal signals.
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