Streamr/Tether (DATAUSDT) Market Overview – 24-Hour Analysis

Summary
• Price dropped from $0.00748 to $0.00709, closing 5.2% lower.
• Volatility expanded with a 15-minute range of up to $0.00011.
• Volume surged to 4.7M DATA, but price failed to confirm a bounce.

The Streamr/Tether (DATAUSDT) pair traded in a sharply bearish tone on the 24-hour timeframe, declining from its open at $0.00748 to a 12:00 ET close of $0.00709, with a high of $0.00749 and a low of $0.0068. Total volume reached 4.7 million DATA, while notional turnover amounted to $34,700. The price action suggests aggressive short-term selling pressure, with no immediate signs of a reversal.

Structure & Formations

Key support emerged around $0.00705–0.00710, where the price bounced multiple times during the night. A bearish engulfing pattern formed around $0.00714–0.00710, confirming the continuation of the downward leg. A doji at $0.00709 around 04:45 ET highlighted indecision but failed to reverse the trend.

Moving Averages & MACD

On the 15-minute chart, the 20- and 50-period moving averages are in a bearish crossover, reinforcing the downward momentum. The MACD has turned negative, with a bearish histogram expansion. While the daily chart averages are less bearish, price remains below the 200-day MA, suggesting a continuation of the medium-term downtrend is likely.

RSI & Volatility

The RSI dipped into oversold territory below 30 briefly, but the price failed to rebound—suggesting a bearish divergence in momentum. Bollinger Bands widened overnight, indicating rising volatility, while price remained near the lower band—a bearish signal.

Volume & Turnover

Volume surged sharply after 04:45 ET, coinciding with the breakdown to $0.0068, validating the move lower. However, the lack of follow-through in subsequent candles suggests exhaustion is setting in. Notional turnover diverged from volume during the bounce toward $0.00714, indicating weaker conviction in the upward legs.

Fibonacci Retracements

The key 61.8% Fibonacci retracement level sits at $0.00716, which the price has failed to hold and now acts as a resistance. A 38.2% level at $0.00726 may become a psychological ceiling if buying interest materialises.

Backtest Hypothesis

The RSI-Oversold strategy tested between 2022-01-01 and 2025-11-14 shows a positive total return of 22.1%, but the -60.7% maximum drawdown highlights the high volatility and risk. The Sharpe ratio of 0.28 indicates limited risk-adjusted performance, with gains driven by a few large winners. This aligns with the recent price behavior, where sharp selloffs are often followed by limited rebounds. To improve outcomes, the strategy may benefit from tighter RSI thresholds (e.g., below 25) and dynamic stop-loss levels to manage downside risk.