Market Overview for Measurable Data Token

• MDTUSDT closed 1.2% lower at $0.02705 after testing a 15-minute resistance near $0.0271.
• Volatility expanded in early trading, with a 6.5% range but tightening later in the session.
• Volume surged during a 1.5% drop in late night trading, showing increased bearish pressure.
• RSI entered oversold territory late, suggesting possible short-term buying interest.
• A key 24-hour support level appears at $0.0266–$0.0267, with a break below likely to trigger further declines.

Market Overview

Measurable Data Token (MDTUSDT) opened at $0.02958 on August 24 at 12:00 ET and closed at $0.02705 on August 25 at the same time. The pair touched a high of $0.02997 and a low of $0.0265 during the 24-hour window. Total trading volume amounted to approximately 31.3 million tokens, with a notional turnover of roughly $845,000.

Structure & Formations

Price action on the 15-minute chart revealed bearish control after a failed test of $0.0284. A series of lower lows and closing below key Fibonacci levels (38.2% at $0.0274) confirmed a near-term downtrend. A potential support zone formed at $0.0266–$0.0267, marked by multiple bounces in the final hours of the session. No strong reversal patterns emerged, though a morning doji near $0.0279 hinted at indecision in the market.

Moving Averages

Short-term momentum turned negative as the 20- and 50-period moving averages on the 15-minute chart crossed below price. On the daily chart, MDTUSDT closed below its 50- and 100-day moving averages, reinforcing the bearish bias. The 200-day MA remains well above current price levels, indicating a deeper correction may still be in play.

MACD & RSI

The MACD showed bearish divergence in late trading, with a narrowing histogram and a negative crossover into the session’s final 4 hours. RSI dipped below 30 for over 1.5 hours near the close, signaling potential oversold conditions and suggesting a short-term rebound could follow, though this is not a strong bullish signal.

Bollinger Bands

Volatility expanded early in the session with a wide band range, narrowing by the afternoon as price consolidated near the lower band. The final 15-minute candle closed at the upper edge of the tight band, showing possible short-term strength. However, the overall range remained bearish, with the close sitting just below the middle Bollinger line.

Volume & Turnover

Volume spiked during a 1.5% decline late in the night, with a peak of 1.7 million tokens traded in a 15-minute candle. Notional turnover followed the same trend, with the largest $24,000 notional volume observed during the 2–3 AM ET decline. However, a divergence appeared in the morning, with volume decreasing despite continued price drops, suggesting bearish exhaustion.

Fibonacci Retracements

Key retracement levels were tested multiple times during the session, particularly the 38.2% at $0.0274 and 61.8% at $0.0270. Price briefly bounced off the 61.8% level during the afternoon but failed to hold above it. A break below the 50% retracement at $0.0279 would likely confirm a deeper bearish phase.

MDTUSDT appears to be consolidating in a short-term oversold area, but the larger trend remains bearish. A rebound may offer a short-term trading opportunity, but the risk of a break below $0.0266–$0.0267 remains high. Investors should monitor volume and RSI for signs of a potential reversal or continuation.