Streamr/Tether Market Overview

• Price declined from $0.00755 to $0.00688, closing below key support levels.
• Volume surged in the morning hours before tapering off in the afternoon.
• RSI entered oversold territory, signaling potential for a short-term bounce.
• Bollinger Bands constricted during the price decline, suggesting a possible reversal.
• No bullish candlestick patterns emerged; bearish control was consistent across the session.

Streamr/Tether (DATAUSDT) opened at $0.00751 on 2025-11-02 at 12:00 ET and closed at $0.00688 at the same time on 2025-11-03. The price reached a high of $0.00774 and a low of $0.00668, with total volume of 38,888,852.7 and turnover of $280,672.69 over 24 hours. The 24-hour session saw a bearish bias, with consistent selling pressure and minimal signs of bullish momentum.

The 20-period and 50-period moving averages on the 15-minute chart showed a bearish crossover, reinforcing the downward trend. Price remained below the 200-period MA on the daily chart, which suggests the pair is still in a long-term downtrend. Fibonacci retracement levels of 61.8% at $0.00704 and 78.6% at $0.00726 acted as minor resistance, but the price failed to hold above them.

MACD & RSI Indicators

The MACD line crossed below the signal line near the session’s start, confirming bearish momentum. Divergence between price and MACD was minimal, suggesting a continuation of the current trend. The RSI closed at 27, entering oversold territory, which may hint at near-term consolidation or a bounce. However, this should be treated cautiously until a bullish reversal pattern or volume confirmation appears.

Bollinger Bands and Volatility

Bollinger Bands compressed as the price fell, with the 20-period band narrowing to a width of approximately $0.00035 at the end of the session. Price closed near the lower band, which can indicate an oversold condition. A rebound above the middle band might signal the start of a temporary pullback, but the overall bearish bias remains intact.

Volume and Turnover

Volume peaked in the early morning hours (0000–0400 ET) at over 10 million contracts, confirming the strength of the initial selloff. After 0400 ET, volume declined significantly, with the last 8 hours showing lower participation. This may indicate a potential exhaustion of sellers, but confirmation is needed from a price rebound and increased volume.

Key Support and Resistance Levels

Key support levels are forming around $0.00688 (current close) and $0.00668 (session low). Immediate resistance is at $0.00704 (38.2% Fib level) and $0.00713 (20-period MA). A close above $0.00726 (61.8% Fib level) would signal a more meaningful shift in sentiment. Notable candlestick patterns, such as hanging men and bearish harami, reinforced the bearish sentiment throughout the session.

Looking ahead, the market may test the $0.00688 level again or consolidate around it. A break below could trigger a deeper pullback, but a rebound above $0.00704 would suggest a short-term reversal. Investors should remain cautious and watch for confirmation on volume and momentum indicators.

Backtest Hypothesis

To better understand the potential for a reversal or continuation, a backtest could be conducted using golden-cross and MACD crossover strategies based on the correct symbol. For example, identifying every golden-cross signal since 2022 and measuring the performance of a one-day holding period could provide insight into whether the pair historically responds to bullish momentum. However, this requires the correct ticker symbol, as “DATAUSDT” does not appear in the data provider’s universe—alternative symbols like “DATA/USDT” may need to be tested for consistency.