Market Overview for Measurable Data Token/Tether (MDTUSDT) – 2025-09-23

• MDTUSDT rose from $0.0224 to $0.02315, forming bullish momentum with volume surging to 10.5M and turnover reaching $244K.
• Strong support at $0.02252–0.02258 held early, while resistance expanded at $0.0228–0.0229 and $0.0230–0.02315.
• RSI hit overbought levels near 70 before retracing, confirming mixed sentiment and potential exhaustion at tops.
• A large-volume engulfing candle at 09:15 ET and a bullish harami at 12:45 ET suggest bear-to-bull control shifts.
• Bollinger Bands widened, indicating rising volatility, with price frequently trading near the upper band after 09:00 ET.

Price Action and Volatility

Measurable Data Token/Tether (MDTUSDT) opened at $0.02261 on 2025-09-22 12:00 ET and closed at $0.02305 on 2025-09-23 12:00 ET, with an intraday high of $0.02315 and low of $0.0224. Total volume across the 24-hour 15-minute timeframe reached 10.5 million tokens, with notional turnover hitting $244,216.50. Price action exhibited a clear bullish tilt, particularly after 09:00 ET, where sharp volume spikes and higher highs emerged amid strong momentum.

Structure and Patterns

Key support levels were reinforced at $0.02252–0.02258, with multiple candles finding bids near this range. Resistance was more dynamic, with $0.0228–0.0229 acting as a temporary ceiling before price broke out above $0.0230. A bullish engulfing pattern at 09:15 ET (0.02278–0.02315) and a bullish harami at 12:45 ET (0.02284–0.02308) suggest shifting control from bearish to bullish participants. Doji were seen at 19:45 ET and 22:00 ET, pointing to indecision amid price retracements.

Moving Averages and Volatility

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned, with price frequently trading above the 20SMA after 09:00 ET. This alignment suggests a consolidating upward trend. On the daily chart, the 50/100/200SMA showed a positive bias, with price trading above the 50DMA, indicating long-term bullish momentum. Bollinger Bands widened significantly in the afternoon, especially after 09:00 ET, as volatility spiked with large-volume candles. Price often traded near the upper band in this period, indicating aggressive buying.

Momentum and RSI

The RSI indicator rose above 70 around 09:30–10:00 ET, signaling overbought conditions. It then retraced below 60 by midday, confirming short-term profit-taking. The MACD crossed above the signal line near 09:00 ET, indicating a bullish crossover. However, divergence appeared in the final two hours of the day, with price making higher highs while the MACD and RSI showed weaker momentum, suggesting potential overextension.

Fibonacci Retracements and Volume

Applying Fibonacci retracement levels to the key 15-minute swing from $0.02244 (low) to $0.02315 (high), price retraced to the 61.8% level around $0.02284–0.02287, followed by a rebound toward $0.02305. Volume was most concentrated between 09:15 ET and 11:45 ET, with the largest single candle at 09:15 ET contributing $1.1M in notional value. Volume and price moved in confirmation during this period, but a mild divergence appeared in the final hour as volume declined.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions when price breaks above a bullish engulfing candle’s high, with a stop-loss placed just below the candle’s low. This setup aligns with the 09:15 ET candle and was followed by a 1.2% gain in the next 30 minutes. A sell target could be placed at the 61.8% Fibonacci retracement, with a trailing stop to lock in gains. This strategy would aim to capture short-term bullish momentum while managing risk with tight stop levels.

Forward-Looking View and Risk Caveat

The next 24 hours may see further consolidation above $0.0229, with a potential test of $0.0232 as resistance. However, the RSI divergence at the close and the wide Bollinger Bands suggest caution—volatility may contract if momentum fades. Traders should watch the $0.0228–0.0229 range for a potential reversal or continuation. A breakdown below $0.0227 could signal a shift in short-term sentiment, increasing the risk of a pullback to $0.02252.