Market Overview for Measurable Data Token/Tether (MDTUSDT) – October 10, 2025

• MDTUSDT rose from $0.02062 to $0.02148, closing at $0.02039 with a bearish reversal in the final 15-minute candle.
• Momentum shifted from bullish in the morning to bearish after a sharp drop below key support at $0.0205.
• Volatility expanded during the midday peak to $0.02148, then sharply contracted with heavy volume in the final hours.
• RSI reached overbought levels (70+) near $0.0213, while MACD signaled weakening bullish momentum by late afternoon.
• Total volume hit 61,149,352.2 units, and turnover reached $1,249,589.2 in 24 hours.

MDTUSDT opened at $0.02062 (12:00 ET − 1), reached a high of $0.02148, and closed at $0.02039 at 12:00 ET on October 10. Over the 24-hour period, the pair traded between $0.02 and $0.02148, with a total volume of 61,149,352.2 and notional turnover of $1,249,589.2. The market displayed strong bullish momentum in the early hours, followed by a sharp reversal in the afternoon.

Structure & Formations

Key resistance levels formed near $0.0213–0.0214, while support emerged at $0.0205–0.0206. A bearish engulfing pattern appeared at $0.02105–0.02088, signaling a potential reversal. A doji near $0.0213 indicated indecision after a strong rally. The price fell below $0.0205 by late afternoon, triggering a bearish breakdown of the morning consolidation range.

Moving Averages

On the 15-minute chart, price surged above the 20SMA early but fell below the 50SMA after 15:00 ET. Daily MA levels showed price above the 50DMA but below the 100DMA and 200DMA, suggesting intermediate-term bearish bias. The 15-minute crossover failed to confirm bullish momentum, weakening the case for a sustained rally.

MACD & RSI

The MACD showed a bullish divergence early, but the histogram declined after 15:00 ET, coinciding with the sharp drop. The RSI spiked above 70 near $0.0213, suggesting overbought conditions. A bearish crossover occurred as price dropped below the signal line after 16:00 ET. RSI pulled back to 50, indicating moderate exhaustion in the bearish move.

Bollinger Bands

Volatility expanded during the midday peak, with price reaching the upper band at $0.02148. By late afternoon, volatility contracted, and price retreated toward the lower band, closing near $0.02039. This contraction may indicate a short-term consolidation phase before a potential breakout.

Volume & Turnover

Volume spiked to 1.75 million units at $0.02033–0.02045 in the early hours, confirming the morning rally. Another spike of 2.09 million units occurred at $0.02105–0.02052, confirming the breakdown. However, price failed to close above the high of this move, suggesting bearish confirmation. Turnover followed a similar pattern, peaking in the midday and tapering off in the late afternoon.

Fibonacci Retracements

The 61.8% retracement level of the morning rally was at $0.0208, which acted as support. The 38.2% level at $0.0212 resisted further gains. On the 15-minute chart, the drop below $0.0205 aligned with the 61.8% retracement of the midday high, confirming bearish exhaustion.

Backtest Hypothesis

A potential backtesting strategy could involve entering short positions when price breaks below the $0.0205 support with confirmation from volume and RSI divergence, and setting a stop above $0.0210. Longs might be initiated on a bullish breakout above $0.0214, with a stop below $0.0210. This strategy would leverage the identified engulfing pattern, RSI divergence, and Fibonacci levels to manage risk and reward. The recent pullback into the Bollinger band contraction also suggests that a breakout either side could be profitable if traded with tight stops and targets.