Market Overview for Measurable Data Token/Tether (MDTUSDT) – 2025-10-14

• Price surged to 0.02023 before retracing to 0.01902, signaling mixed momentum.
• High volume spikes at 0.02027 and 0.0196 highlight key inflection points.
• RSI and MACD suggest oversold conditions forming near 0.0185.
• Bollinger Bands reflect low volatility in the final 12 hours.
• Turnover diverged from price during the late-night selloff, raising caution.

The Measurable Data Token/Tether (MDTUSDT) opened at 0.01933 on 2025-10-13 12:00 ET, reached a high of 0.02023, and closed at 0.01902 by 2025-10-14 12:00 ET. The 24-hour volume totaled 48,909,220.88, with a notional turnover of $935,910.58. The price action showed a bearish reversal after a sharp bullish breakout, indicating mixed sentiment among traders.

Structure and formations revealed a key support level near 0.0190 and resistance around 0.0202. A bearish divergence in volume was observed during the late-night decline, as price dropped significantly while volume remained subdued. A long lower shadow at 0.01807 suggests a temporary rebound, but bearish momentum appears to have taken control. No strong candlestick patterns (e.g., doji, engulfing) were observed in the final hours, though a small bullish engulfing formation occurred between 0.01974 and 0.01972.

The 20-period and 50-period moving averages on the 15-minute chart both remained above the price in the latter half of the session, indicating bearish dominance. On the daily chart, the 50-period MA crossed below the 100-period and 200-period MAs, reinforcing the downtrend. Momentum indicators showed RSI dipping into oversold territory near 0.0185, while the MACD turned negative and remained bearish for the final 12 hours.

Bollinger Bands constricted during the early morning hours, signaling low volatility, but expanded as price broke below the lower band at 0.01856, reflecting heightened selling pressure. The 233-period BB width indicated a moderate volatility contraction prior to the break. Price spent a significant portion of the session near the lower band, reinforcing bearish bias. A 61.8% Fibonacci retracement of the 0.01902–0.02023 range aligns with a key support at 0.01949, which failed to hold during the late-night breakdown.

The backtesting strategy outlined attempts to identify the Bullish Engulfing pattern in MDTUSDT but encountered an asset recognition issue. Given the current data structure and volume patterns, a local implementation of the pattern detection on this dataset could be valuable. A refined approach—either using the BINANCE-qualified symbol or running the pattern detection algorithm on the provided 15-minute OHLCV—would allow for a more precise identification of potential reversal points. This would align with the observed price behavior, where minor bullish setups emerged before subsequent breakdowns. A 3-day holding period backtest based on confirmed patterns could provide actionable insight into this asset’s short-term volatility.