Market Overview for Streamr/Tether (DATAUSDT)

• Price declined from 0.00767 to 0.00748 over 24 hours, with bearish momentum in late session.
• Volume spiked at 0.00748–0.00753, confirming consolidation around key support levels.
• No clear reversal patterns; price remains within contracting Bollinger Bands.
• RSI and MACD not available, but price suggests oversold conditions near 0.00747–0.00751.
• Total volume: 18.4M, turnover: $136K — below average for recent swings.

The 24-hour chart for Streamr/Tether (DATAUSDT) shows a bearish trend with price closing at 0.00748, down from an opening of 0.00765, a high of 0.00767, and a low of 0.00743. The total volume traded was 18.4 million, and turnover reached approximately $136,000. The session saw significant price compression into a narrow range near the low end, suggesting potential bearish exhaustion or a consolidation phase ahead.

Over the past day, the price formed a descending channel with multiple small bearish hammers and a few long-bodied bearish candles, particularly after 19:00 ET. These indicate continued selling pressure but no clear break below key support levels near 0.00747–0.00749. A bullish pinbar formed around 0.00748 at 22:00 ET, suggesting a possible short-term reversal. However, without a confirmed break above 0.00753, the bearish bias remains intact.

Volume and turnover remain within normal ranges but show a slight divergence in the late session — price moved lower while volume increased moderately. This could hint at strengthening bearish conviction or a lack of buying interest. Bollinger Bands appear to be tightening, with price hovering near the lower band, suggesting low volatility and a potential breakout scenario. The 20-period moving average is bearishly positioned below the 50-period line, while daily MA 50 and MA 200 remain neutral with no clear cross.

Candlestick formations suggest a temporary pause in the bearish trend, with a possible test of support levels ahead. The price may attempt a rebound toward 0.00753 or consolidate within a tight range. Investors should watch for a decisive close above 0.00753 to signal a shift in sentiment.

Fibonacci retracements for the 24-hour swing from 0.00767 to 0.00748 indicate that the 61.8% level (~0.00754) could serve as a near-term resistance. Meanwhile, the 38.2% level (~0.00751) offers a potential pivot point. If the price fails to hold above 0.00751, the next support may be at 0.00747–0.00748, where the price spent most of the day.

Backtest Hypothesis
Given the lack of RSI data for DATAUSDT, a backtest using an RSI-based strategy (e.g., buying on overbought RSI >70 or selling on overbought RSI <30) cannot be performed. However, based on the observed price action, a potential strategy could involve entering long positions on a bullish pinbar or a break above 0.00753 with a stop-loss below 0.00747. This would align with a breakout-style approach. A similar methodology could be applied to a comparable asset or using a different data source for RSI once confirmed.