Measurable Data Token/Tether Market Overview

• MDTUSDT traded lower by ~2.7% over 24 hours amid bearish momentum and key support retests.
• Volatility expanded during early US hours, with a high of 0.02772 before retracing sharply.
• RSI oversold conditions suggest potential for a near-term rebound, but trend remains bearish.
• Volume spiked on the downward leg, confirming bearish sentiment despite waning buying pressure.

Measurable Data Token/Tether (MDTUSDT) opened at 0.02677 on 2025-09-13 at 12:00 ET and closed at 0.02612 on 2025-09-14 at 12:00 ET. Price reached a high of 0.02772 and a low of 0.02588. Total 24-hour volume amounted to 39,896,700.56 units, with notional turnover at $1,075,062. The market faced bearish pressure, with momentum and volume confirming the downtrend.

Structure & Formations

Price formed a broad bearish trend over the past 24 hours, with a key bear flag developing between 0.02772 and 0.02666. A critical support level appears forming around 0.0261-0.0262, with a potential pivot back up if buyers step in. A long-legged doji formed near 0.0265 and a strong engulfing bearish pattern near 0.0269–0.0268 confirmed weakness. Price may test 0.02588 again as a key psychological support.

Moving Averages

Short-term moving averages (20/50-period 15-minute) show a bearish cross as the 50 SMA moved below the 20 SMA, reinforcing downward momentum. On the daily chart, the 50-day SMA is above the 200-day SMA, but the 100-day SMA is pressing downward. This suggests a potential near-term consolidation after the sharp decline.

MACD & RSI

The MACD line turned negative and crossed below the signal line, confirming bearish momentum. RSI dipped to 29–30 levels in the final hours, indicating oversold conditions and suggesting a potential short-term bounce. However, RSI remains below 50, indicating that the bearish trend may not reverse unless buyers decisively push the price above 0.0266–0.0268 levels.

Bollinger Bands

Price broke out of a wide Bollinger Band expansion near 0.02772 and retested the lower band multiple times. The bands have since compressed slightly, indicating a period of consolidation may follow. Price currently sits near the lower band at 0.0261–0.0262, suggesting a potential bounce unless bears push further downward.

Volume & Turnover

Volume increased significantly during the early US session, with the largest candle (0.02683–0.02723) trading over 4 million units. Turnover peaked at ~$150k during the 0.02709–0.02666 decline. Despite the sharp drop, volume has since declined, indicating waning bearish conviction. A divergence between price and volume could suggest a potential reversal if buyers step in.

Fibonacci Retracements

Fibonacci levels show the key 61.8% retracement at 0.0265–0.0266 and 38.2% at 0.0269–0.0270. Price has struggled to break above the 61.8% level multiple times, reinforcing its significance. A break below 0.0261 (38.2% of the recent swing) could signal a test of the 0.02588 level, while a rebound above 0.0266 may trigger a retracement toward the 0.0269 level.

Backtest Hypothesis

The backtest strategy involves entering a short position when price closes below the 20-period EMA with confirmation via a bearish engulfing pattern and RSI above 50. A stop-loss is placed above the most recent swing high. A long entry is triggered when RSI dips below 30 and price closes above the 50-period EMA with a bullish engulfing pattern. This dual-directional strategy aims to capture both bearish and bullish momentum in a volatile environment like MDTUSDT. Given the recent bearish momentum and RSI nearing oversold levels, the strategy could be viable in the next 24 hours if a short-term bounce materializes.