Market Overview for Measurable Data Token/Tether (MDTUSDT) on 2025-10-30

• MDTUSDT declined by 17.7% over the past 24 hours, closing at 0.019
• Price formed multiple bearish patterns and broke key support levels
• RSI and MACD confirm bearish momentum with overbought correction
• Volume surged during the sharp decline but tailed off near the close
• Volatility expanded mid-day before narrowing slightly in the final hour

The Measurable Data Token/Tether (MDTUSDT) opened at 0.02371 on October 29 at 12:00 ET, reached a high of 0.02402, and closed at 0.019 at 12:00 ET on October 30. The price action reflected a sharp and sustained bearish move over the past 24 hours. Total volume for the period was 55,193,033.7, and notional turnover stood at $1,047,463.52, calculated using the average price and volume data.

Structure & Formations

The price of MDTUSDT developed a strong bearish bias after forming multiple bearish candlestick patterns, including a high-volume bearish engulfing pattern at the start of the decline. A series of lower highs and lower lows emerged from 16:00 ET on October 29 through the early hours of October 30. Key support levels at 0.0208 and 0.0203 were pierced with confirmation candles. A potential bearish reversal pattern could form if price retests the 0.019 level without a strong rebound.

Moving Averages

On the 15-minute chart, MDTUSDT is trading well below both its 20-period and 50-period moving averages, confirming the short-term bearish bias. On the daily time frame, the price has also fallen below the 50-period, 100-period, and 200-period moving averages, indicating a strong alignment across multiple time frames to the downside. The 50-day MA currently sits at 0.0215, and a close below this level could signal a potential continuation of bearish sentiment in the next 24 hours.

MACD & RSI

The MACD line remains negative and is moving lower, with the histogram contracting, suggesting that bearish momentum is slowing slightly. The RSI has moved into oversold territory, currently at 28, and may offer a temporary floor if buyers step in. However, RSI divergences are not yet clear, so a rebound may not necessarily confirm a reversal. A close above 0.0198 could trigger a modest bounce, but a sustained recovery to the 0.0210 area would be necessary for a more meaningful bullish shift.

Bollinger Bands

Volatility increased significantly mid-day as MDTUSDT broke through the lower Bollinger band at 0.0203, with the band width expanding during the sharp decline. Price has since narrowed back into the lower end of the band, indicating a possible exhaustion of short-term sellers. However, the bands remain wide relative to the prior 24 hours, and a retest of the lower band could result in further downward pressure if volume is not supportive.

Volume & Turnover

Volume spiked during the initial phase of the decline, especially around 18:30–19:45 ET on October 29, when the price dropped below 0.0210. Total notional turnover increased in tandem, confirming the bearish move. However, volume has tailed off sharply in the past few hours, which may suggest a lack of conviction among sellers. The divergence between volume and price movement during the final 2–3 hours of the period could indicate a short-term pause or potential exhaustion of bearish pressure.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from 0.02402 (high) to 0.019 (low) shows that MDTUSDT is currently near the 61.8% retracement level, suggesting a potential area of interest for buyers. On the daily chart, the 50% retracement level lies at 0.02175, which could act as a key psychological level for either a bounce or a continuation of the downtrend. A sustained break below 0.0185 would see the 78.6% retracement at 0.0187 become the next area of technical significance.

Backtest Hypothesis

Given the bearish momentum confirmed by RSI, MACD, and Fibonacci levels, a short-term bearish strategy could be tested using a 14-period RSI as an entry trigger. A sell signal could be generated when RSI falls below 40, with a stop-loss set at the 50% retracement level (0.02175) and a target at the 61.8% level (0.019). To close the position, traders might consider exiting when RSI crosses back above 50 or after 48 hours, whichever occurs first. Using daily closing prices would align the strategy with typical trading behavior and ensure consistency with the data used in this analysis.