Market Overview for Measurable Data Token/Tether (MDTUSDT) – 2025-09-21

• MDTUSDT declined by 0.38% in the last 24 hours, forming bearish momentum amid a key support level test.
• A 15-minute bearish engulfing pattern was observed at 0.02505, signaling potential short-term weakness.
• Volatility remained low, with Bollinger Bands constricted around 0.02500–0.02510, indicating a period of consolidation.
• RSI (14) hovered near 50, suggesting a balanced market with no clear overbought or oversold conditions.
• Turnover exceeded $22.7M, reflecting moderate liquidity and interest in the MDTUSDT pair.

The Measurable Data Token/Tether (MDTUSDT) pair opened at 0.02509 on 2025-09-20 at 12:00 ET and closed at 0.02495 by 12:00 ET on 2025-09-21. The price reached a high of 0.02535 and a low of 0.02467 over the period, with a total volume of 9.6M MDT and notional turnover in the range of ~$22.7M. The pair exhibited moderate price swings and consistent volume across most 15-minute intervals.

Structure & Formations

The 15-minute chart showed multiple bearish signals, including a bearish engulfing pattern at 0.02505 and a potential key support level forming around 0.02495. This level was tested multiple times, with the price failing to break below it in a sustained manner. A minor resistance appeared at 0.02507–0.02510, which the price struggled to overcome. A morning bearish reversal and a late-night pullback highlighted the lack of directional bias and the possibility of continued sideways consolidation. The 0.02500–0.02510 range is likely to remain a focal point in the near term.

Moving Averages & Fibonacci

On the 15-minute chart, the 20-period moving average crossed below the 50-period MA, forming a potential death cross. The 50-period MA sits near 0.02505–0.02508, which overlaps with a key Fibonacci 61.8% retracement level from a recent 0.02535 high to a 0.02467 low. This suggests a high-probability zone for a short-term bounce or consolidation. However, the 200-period MA remains slightly above the current price, indicating a longer-term neutral to bearish bias.

MACD & RSI

The 12/26/9 MACD histogram displayed a mild bearish bias, with the MACD line crossing below the signal line during the early part of the session. However, this bearish momentum has not been sustained, and the histogram has since flattened out near zero. The RSI(14) has remained within the 40–60 range, suggesting a balanced market with no clear overbought or oversold conditions. This neutrality may persist unless the price moves decisively above or below the 0.02505–0.02510 range.

Bollinger Bands

Bollinger Bands showed a period of contraction early in the session, followed by a slight expansion as the price tested the lower band multiple times. The current price is sitting near the mid-band, suggesting a period of consolidation and low volatility. If the price breaks out of this range with above-average volume, it could indicate the start of a new trend either upwards or downwards.

Volume & Turnover

Volume remained consistently above 100K MDT across most 15-minute intervals, with a peak of 952,729.6 MDT during a sharp 15-minute drop from 0.02506 to 0.02476. This period saw a corresponding increase in notional turnover, with volume and price movement aligned. However, no significant divergence between volume and price was observed, indicating that bearish moves were supported by strong sell-side activity.

Backtest Hypothesis

A potential backtesting strategy could involve entering a short position when a bearish engulfing pattern forms near a 50-period MA and the RSI falls below 50, with a stop-loss placed above the 61.8% Fibonacci level. A trailing stop could be activated once the price drops 0.25% from the entry. Given the current structure and volume profile, such a strategy appears viable for a short-term bearish bias, particularly if the 0.02495 level holds as support.