Market Overview for Measurable Data Token/Tether

Summary
• MDTUSDT traded in a descending channel on 5-min chart, with key support at 0.01320–0.01314 and resistance near 0.01340–0.01345.
• Momentum remained bearish as RSI and MACD stayed below zero, signaling potential continuation of the downtrend.
• Bollinger Bands showed slight expansion after a consolidation phase, with prices currently near lower band levels.
• Volume and turnover spiked during the late ET hours, confirming bearish price action but showing no divergence.

Measurable Data Token/Tether (MDTUSDT) opened at 0.01344 on 2025-12-22 12:00 ET and closed at 0.01326 on 2025-12-23 12:00 ET.
The 24-hour high was 0.01350, and the low was 0.01303. Total volume traded was 12,288,476.0, while notional turnover reached 165.96.

Structure and Key Levels

MDTUSDT formed a descending channel on the 5-minute chart, with prices consolidating near key support levels around 0.01320–0.01314 and resistance at 0.01340–0.01345.
A bearish engulfing pattern appeared near 0.01332–0.01326 during the early ET hours, indicating strong selling pressure.
A series of doji formed between 0.01324 and 0.01328 during the morning, hinting at indecision but not reversing the downward bias.

Momentum Indicators

RSI remained in bearish territory throughout the session, dipping as low as 31.7 in the early morning, reinforcing oversold conditions.
MACD showed a bearish crossover and remained negative, with the histogram contracting slightly near the end of the session, signaling weakening momentum.
The daily chart’s 50-period and 200-period moving averages were not provided, but the 5-min 20-period line held above the 50-period line during late ET, indicating some short-term bullish momentum.

Volatility and Bollinger Bands

Bollinger Bands showed a consolidation phase in the early session before expanding in the morning and evening, reflecting increased volatility.
Prices spent much of the session near the lower Bollinger Band, with a brief retest of the mid-band near 0.01332–0.01334 during the afternoon ET.
The narrowest contraction occurred between 0.01330 and 0.01334, indicating a potential breakout phase.

Volume and Turnover Analysis

Trading volume and turnover spiked during late ET hours as prices fell below 0.01330, indicating increased bearish participation.
While volume was elevated during the morning and evening ET, turnover was proportionally consistent, suggesting no divergence between price and on-chain activity.
Volume remained above average during the 5–9 AM ET and 1–5 PM ET windows, supporting the bearish price action.

Fibonacci Retracements

Applying Fibonacci to the major swing from 0.01350 to 0.01303, key levels of interest included 0.01326 (61.8%) and 0.01334 (38.2%), both of which were tested during the session.
The 61.8% retracement level at 0.01326 acted as a temporary floor before prices resumed the downward move.
The 50% retracement at ~0.01326–0.01327 remains a critical level for near-term direction.

MDTUSDT appears to be in a bearish phase with strong short-term momentum. Prices could test the 0.01303 low or retrace to 0.01326 in the next 24 hours. Investors should remain cautious for potential volatility and a possible reversal if 0.01325 breaks to the upside.