Metis (METISUSDT) Market Overview for 2025-07-15

Summary
• Price fell 4.1% over 24h, closing at 16.63 after testing a 16.25 low.
• Key resistance at 17.0–17.1; support near 16.50 and 16.25.
• High-volume sell-off (5,251 METIS) drove prices to 16.25 on July 14.

Metis (METISUSDT) opened at 17.35 (July 14 12:00 ET) and closed at 16.63 (July 15 12:00 ET), marking a 4.1% decline. The session saw prices fluctuate between a high of 17.41 and a low of 16.25. Total volume reached 27,317 METIS, with turnover at 2,894 USD.

Technical Analysis

Structure & Formations

The price dropped sharply from 17.41 to 16.25 over 24 hours, forming a descending trendline. Resistance clusters at 17.0–17.1 (prior highs) and 16.80 (50% retracement of the 16.25–17.41 swing) may act as barriers to recovery. Support at 16.25 (July 14 low) appears critical, with a potential bullish divergence forming in the RSI below 30.

Moving Averages

The 20-period MA (16.68) is closely contested, while the 50-period MA (16.75) remains bearish. On a daily chart, the 100-period MA (16.93) suggests further downside risk unless prices close above it.

MACD & RSI

MACD remains negative, with the line below the signal line, indicating bearish momentum. RSI dipped to 28.5, signaling oversold conditions but no immediate reversal signal.

Bollinger Bands

Price hugs the lower band (16.45), suggesting low volatility. A sustained move above the middle band (16.72) could signal a recovery.

Volume & Turnover

Volume spiked to 5,251 METIS during the drop to 16.25 (July 14 19:30 ET), confirming institutional selling. Lower volume in recent hours hints at exhaustion, though confirmation requires a close above 16.80.

Fibonacci Retracements

The 61.8% retracement (16.62) aligns with the closing price, acting as near-term resistance. A break above 16.80 could target the 38.2% level at 17.0.

Outlook: Metis faces immediate resistance at 16.80, with further declines likely if support at 16.25 breaks. Traders should monitor volume expansion above 3,000 METIS for confirmation of a sustained rebound. Risk remains skewed to the downside unless key resistance levels are cleared.