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Summary
• Price surged to $5.53 before consolidating near $5.30–$5.45 support/resistance.
• Volume spiked in early morning hours, aligning with price highs but diverging later.
• RSI indicated overbought conditions early, followed by bearish momentum reversal.
• Bollinger Bands expanded during peak volatility, then narrowed as price stabilized.
• A potential bearish engulfing pattern emerged near $5.30.
Metis/Tether (METISUSDT) opened at $5.41 on 2025-12-29 at 12:00 ET−1 and hit a high of $5.53 before falling to a low of $5.25, closing at $5.31 at 12:00 ET. Total volume was 163,316.14 and turnover reached $86,732.69, indicating heightened short-term interest.
Structure & Formations
The price action displayed a strong bullish breakout to $5.53, followed by a sharp reversal toward $5.29. A bearish engulfing pattern formed in the early afternoon as price closed below a large bullish candle, suggesting a potential shift in momentum. Key resistance levels appear to be $5.45–$5.53, while support is likely found near $5.30–$5.35.
Technical Indicators

Volume and Turnover Dynamics
Volume surged to 16,331.614 during the 9:45 ET candle, coinciding with a sharp drop to $5.29, indicating heavy selling pressure. However, turnover failed to confirm the strength of the bearish move in later hours, suggesting a lack of conviction among sellers. This divergence may indicate a potential short-term bounce or reversal.
Volatility and Fibonacci Retracements
The recent swing from $5.25 to $5.53 saw price testing the 61.8% Fibonacci retracement level at $5.37 before falling back toward $5.30, a key 38.2% retracement area. The narrowing Bollinger Bands suggest a period of reduced volatility, potentially setting up for another breakout attempt.
The market appears to be entering a period of consolidation after a volatile 24-hour session. While a pullback toward key support near $5.30 may find buyers, a break below this level could target $5.25. Investors should remain cautious for potential volatility spikes or divergences in the next 24 hours.
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