Market Overview for Measurable Data Token/Tether (MDTUSDT) as of 2025-11-08

Summary
• Price rose from 0.01703 to 0.01773 in the early session before reversing with increased bearish pressure.
• Volatility expanded during the 18:15–20:15 ET window, with a high of 0.01801.
• A bearish reversal signal emerged after the 20:30 ET candlestick.
• Volume surged past 900,000 on the 20:15 ET candlestick, aligning with the price peak.
• Divergence between price and volume suggests potential bearish continuation.

Opening Price, Range, and Activity

Measurable Data Token/Tether (MDTUSDT) opened at 0.01703 on 2025-11-07 at 12:00 ET and traded within a 24-hour range of 0.01687–0.01801, closing at 0.0169 at 12:00 ET on 2025-11-08. Total volume over the 24-hour window reached approximately 10.85 million MDT, with notional turnover of $186,583. The price exhibited a distinct bearish reversal pattern after midday.

Structure & Formations

MDTUSDT formed a strong bullish impulse during the afternoon session, peaking at 0.01801 before reversing in a bearish fashion. A bearish engulfing pattern emerged at 20:30 ET, indicating a possible reversal. Support levels are forming near 0.0176 and 0.0172, with the 0.01687 level recently tested and rejected. A doji at 00:15 ET on the 15-minute chart signaled indecision after the peak.

Moving Averages and Momentum

Short-term momentum, as measured by the 20-period and 50-period moving averages on the 15-minute chart, began to diverge from price action during the reversal phase, indicating weakening bullish momentum. The 50-period moving average now sits above the price, suggesting a bearish bias. Over a daily timeframe, the 200-period moving average remains well above the recent close, reinforcing the bearish tilt.

MACD & RSI

The MACD line crossed below the signal line after 20:00 ET, signaling a bearish crossover. RSI, which had reached 60 at the peak, dropped to 38 by 12:00 ET, entering neutral territory. There are no immediate overbought or oversold conditions, but the bearish divergence between RSI and price is notable.

Bollinger Bands

MDTUSDT traded near the upper band during its peak before collapsing and finding refuge near the middle band by the close. Volatility increased from a contraction phase in the early session to an expansion phase by 18:00 ET, with price settling just below the middle band as the session closed.

Volume & Turnover

Volume spiked to 983,838 MDT at 20:15 ET, coinciding with the price peak, before retreating. Notional turnover reached a 24-hour high of $17,042 at that time. Price and volume moved in alignment during the bullish phase but diverged in the bearish phase, suggesting potential weakness in the downward move.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level at 0.01756 provided temporary resistance before the price broke lower. On the daily chart, the 38.2% retracement level at 0.01762 may now act as support. The recent swing from 0.01687 to 0.01801 has created a clear Fibonacci structure to monitor for potential rebounds.

Backtest Hypothesis

The bearish engulfing pattern observed in MDTUSDT on 2025-11-08 offers a candidate for backtesting. A practical approach is to bypass the problematic pattern endpoint and instead extract the daily OHLC prices for MDTUSDT and calculate the bearish-engage dates locally. This method ensures accuracy and avoids dependency on unreliable data sources. If the historical bearish-engage signals align with strong bearish reversals, it could strengthen the hypothesis that this pattern is a reliable indicator for short-term bearish setups in MDTUSDT.