Market Overview for Measurable Data Token/Tether (MDTUSDT) on 2025-11-01

• Price surged ~40% from $0.01906 to $0.02031 after 08:30 ET amid high-volume breakouts.
• Key resistance tested at $0.0204–$0.0206, followed by a 15-minute reversal and pullback.
• RSI hit overbought territory above 70 during the rally but softened into neutral territory.
• Volatility expanded significantly from 0.01912–0.02162 as volume spiked to 6.6M+ on large bullish candles.
• A bullish engulfing pattern formed at 08:30 ET, indicating a short-term reversal from bearish to bullish bias.

MDTUSDT opened at $0.01906 on 2025-10-31 at 12:00 ET and closed at $0.02002 at 12:00 ET on 2025-11-01, reaching a high of $0.02162 and a low of $0.01906. Total trading volume for the 24-hour period was 53,134,871.5, while notional turnover reached approximately $1,054,351.14.

The candlestick pattern over the 24-hour period shows a strong bullish reversal after a mid-session bearish correction. Key support levels were observed around $0.01906–$0.01915, with a breakout above $0.02036 confirming the resumption of an uptrend. A notable bullish engulfing pattern emerged at 08:30 ET, as the candle fully covered the previous candle’s range with a 0.02016–0.02031 close. This formation often signals a shift in momentum and could indicate further buying pressure in the near term.

The 20-period and 50-period moving averages (15-minute chart) both crossed above the price during the rally, reinforcing the bullish trend. On the daily chart, the 50, 100, and 200-period SMAs are all in ascending order, suggesting a broader uptrend is intact. The MACD turned positive after 08:30 ET with a strong crossover above the signal line, while the RSI moved into overbought territory before retreating into neutral range, indicating potential for consolidation after the sharp move.

Bollinger Bands showed significant expansion during the rally, with the price reaching the upper band at $0.02162 during the mid-morning spike. This expansion often signals high volatility and potential for reversion. The Fibonacci retracement levels from the key swing low of $0.01906 and high of $0.02162 show the current close at ~$0.02002 aligns with the 61.8% retracement level, suggesting potential for a test of the 50% retracement at ~$0.02032 or a possible pullback to the 38.2% level at ~$0.02010.

The volume profile highlights a sharp increase during the rally from $0.0195 to $0.02162, particularly around 08:30–10:30 ET, with several candles printing over a million in volume. This suggests strong participation and conviction in the upward move. However, as the price pulled back after 11:30 ET, volume declined, which could signal waning momentum unless buyers step in near key support levels.

Backtest Hypothesis

The emergence of the bullish engulfing pattern at 08:30 ET presents a potential entry opportunity for a short-term trade. Based on the 15-minute chart, the pattern suggests a bearish-to-bullish shift in momentum, with confirmation from strong volume and price action. For a backtest from 2022-01-01 to 2025-11-01, the following rules could be applied:

• Entry Rule: Enter a long position at the close of the bullish engulfing candle (08:30 ET).
• Exit Rule: Close the position at the end of the next 15-minute candle (08:45 ET) or if a bearish engulfing pattern forms within the 15-minute window.

This short-term exit rule ensures that the strategy remains consistent and avoids overfitting, while also capturing the immediate momentum of the reversal. A fixed 15-minute hold would help assess the strength of the bullish signal without being exposed to overnight volatility or macroeconomic shifts. This approach could be extended with a stop-loss just below $0.02000 and a target at the 61.8% Fibonacci level at ~$0.02040.