Market Overview for Streamr/Tether (DATAUSDT) – 2025-10-20

• Price dipped to 0.00881 on 2025-10-20, forming a bearish continuation pattern amid declining momentum.
• Volume expanded during the 18:00–20:00 ET timeframe, signaling increased selling pressure.
• RSI and MACD suggest oversold conditions, hinting at potential near-term reversal.
• Bollinger Bands narrowed during the overnight session, followed by a sharp expansion.
• Turnover diverged from price during early afternoon, suggesting possible short-term reversal risk.

Streamr/Tether (DATAUSDT) opened at 0.00911 on 2025-10-19 at 12:00 ET and closed at 0.00881 on 2025-10-20 at 12:00 ET. The 24-hour period saw a high of 0.00945 and a low of 0.00881, with a total trading volume of 48.88 million USDT and a notional turnover of $448,467. Price action reflected a bearish bias, with a sharp decline after 7:45 ET and a failed attempt to reclaim key support levels later in the session.

The 20- and 50-period moving averages on the 15-minute chart intersected during early morning hours, signaling potential bearish momentum. On the daily chart, the 50- and 200-day moving averages remained bearish, with the 200SMA acting as a long-term resistance. Notable candlestick patterns included a bearish engulfing pattern around 11:30 ET and a doji at 16:00 ET, both suggesting indecision and possible reversal. Key support levels are forming near 0.00881–0.00890, while resistance is expected near 0.00910–0.00915.

Bollinger Bands experienced a tight contraction between 10:00 and 12:00 ET on 2025-10-19, followed by a significant expansion post-7:45 ET, confirming a breakout to the downside. Price has remained below the lower band since then, indicating elevated volatility and bearish continuation. The 20-period RSI approached oversold territory near 20, while MACD showed a bearish crossover in the morning. Both indicators suggest short-term exhaustion in the downward move, raising the probability of a bounce from current support levels.

Fibonacci retracement levels applied to the recent swing low of 0.00881 and high of 0.00945 indicate key resistance at the 38.2% (0.00916) and 61.8% (0.00903) levels. Price tested both levels in the afternoon and evening, with mixed results. The 61.8% retracement has shown resilience, while the 38.2% level appears to have been rejected. These levels could serve as pivotal points for the next 24 hours, depending on volume and momentum shifts.

Backtest Hypothesis

A potential backtest strategy could focus on using the RSI indicator to detect overbought levels for short selling. While RSI data for DATAUSDT could not be retrieved due to a symbol availability issue, the framework would involve identifying overbought conditions (RSI > 70) on the 15-minute or daily chart. Once confirmed, a short position would be initiated with a stop-loss placed above the 20-period moving average. Given the bearish momentum observed on 2025-10-20, a backtest using this strategy could yield insights into its viability for this pair. The exact symbol (e.g., “DATA/USDT” on Binance) would need to be confirmed to proceed.