Market Overview: Measurable Data Token/Tether 24-Hour Analysis

Summary
• Price action on MDT/USDT retreated 0.5% with key support now at 0.01382–0.01386.
• Rising volume confirmed the downward move, but RSI remains neutral.
• A bearish engulfing pattern formed at 0.01401–0.01385, suggesting potential continuation.
• Bollinger Bands show moderate volatility with price consolidating near the lower band.
• Fibonacci retracement levels may trigger further selling at 0.01375 and 0.01360.

Measurable Data Token/Tether (MDTUSDT) opened at 0.01405 on 2026-01-06 12:00 ET and closed at 0.01374 on 2026-01-07 12:00 ET, with a high of 0.01413 and low of 0.01354. The pair experienced a 24-hour volume of ~4.8 million units and a notional turnover of ~$68,560.

Structure & Formations

Price carved a bearish channel from 0.01413 down to 0.01374, with key support levels identified at 0.01382 and 0.01375. A bearish engulfing candle formed during the initial selloff (18:00–18:15 ET), indicating bearish momentum. A doji appeared near 0.01375–0.01377, hinting at potential short-term indecision.

Moving Averages

On the 5-minute chart, the 20-period MA (0.01395) and 50-period MA (0.01392) both crossed below key swing highs, confirming a short-term bearish trend. On the daily chart, price closed below the 50-period and 200-period MAs, suggesting the downtrend may persist in the coming sessions.

Moving Averages

Momentum & Volatility

The RSI remained in neutral territory (45–55), with no clear overbought or oversold signals. MACD showed a bearish crossover, with the line crossing below the signal line and remaining negative. Bollinger Bands indicated moderate volatility, with price holding near the lower band after a brief expansion around 15:30–15:45 ET.

Volume & Turnover

Volume surged during the initial selloff, with the largest 5-minute trade (~700,000 units) contributing to a sharp drop from 0.01401 to 0.01385. Notional turnover also peaked during this period, aligning with the price decline and supporting the bearish bias.

Fibonacci Retracements

From the swing high at 0.01413 to the swing low at 0.01354, Fibonacci levels sit at 38.2% (0.01391), 50% (0.01383), and 61.8% (0.01375). Price has stalled near the 61.8% level, which could either act as a support or trigger a break lower.

Price may test the 0.01375 and 0.01360 levels in the next 24 hours, with a break below 0.01365 increasing the likelihood of a test of the 0.01351 level. Investors should monitor volume behavior and RSI divergence for signs of a potential reversal or continued bearish momentum.