Market Overview: Streamr/Tether (DATAUSDT) 24-Hour Analysis (2025-12-23)

Summary
• Price formed a bearish engulfing pattern at $0.00559 after testing 24-hour highs.
• Volatility expanded significantly during the 18:00–20:00 ET window, with volume increasing.
• RSI and MACD indicate weakening momentum as price declined from $0.00559 to $0.00547.
• Price consolidation near $0.00545–$0.00547 suggests short-term support.
• 5-minute Bollinger Bands show a recent expansion, reflecting increased market uncertainty.

Streamr/Tether (DATAUSDT) opened at $0.00557 on 2025-12-22 12:00 ET, reached a high of $0.00559, and closed at $0.00547 as of 2025-12-23 12:00 ET, with a low of $0.00531. Total volume for the 24-hour window was 10,480,694.9, and notional turnover stood at approximately $5,497.13.

Structure & Formations

A bearish engulfing pattern emerged on the $0.00559 candle during the 18:00–18:15 ET window, signaling potential short-term reversal after a rally. Price tested this level multiple times but failed to reclaim it, forming a descending triangle between $0.00559 and $0.00545. Price has rebounded from this level multiple times.

Moving Averages

On the 5-minute chart, the 20 and 50-period moving averages both trended downward, confirming bearish momentum. On the daily chart, the 50-period MA is above the 100 and 200-period lines, suggesting mixed signals, but the 50/100 crossover remains neutral.

MACD & RSI

The MACD line crossed below the signal line during the early 19:00–20:00 ET window, indicating bearish momentum. RSI dipped into oversold territory briefly around $0.00545 but failed to trigger a strong rebound, suggesting weak follow-through buying.

Bollinger Bands

Bollinger Bands expanded significantly between 18:00–20:00 ET, reflecting increased volatility. Price traded well below the middle band during this window, reinforcing bearish sentiment. A contraction in band width is now occurring, suggesting potential for a breakout or consolidation phase.

Volume & Turnover

Volume surged to 1,463,600.6 at 03:15 ET, the highest of the day, coinciding with the largest price drop from $0.00549 to $0.00546. Notional turnover followed suit, confirming bearish pressure. However, volume has since decreased, indicating waning interest.

Fibonacci Retracements

On the 5-minute chart, price found support near the 61.8% Fibonacci retracement level ($0.00547) from the swing high of $0.00559 to the swing low of $0.00545. Further support may emerge at the 78.6% level around $0.00543 if the current consolidation fails.

Market participants may watch for a break below $0.00545 to test the next level of support. While the near-term bias appears bearish, caution is warranted as low volume may limit any sharp move. Volatility could rise again if volume increases alongside a directional bias.