Market Overview for Measurable Data Token/Tether (MDTUSDT): 2025-11-12

• MDTUSDT fell 1.05% in 24 hours, ending near session lows.
• Volume dipped slightly, but turnover remained elevated due to low price.
• RSI near 30 suggests oversold conditions, but lacks bullish confirmation.
• A bearish engulfing pattern emerged near 0.01718 at 17:00 ET, followed by a continuation lower.
• Price tested a 0.01630 support level, bouncing but failing to retest resistance at 0.01690.

Measurable Data Token/Tether (MDTUSDT) opened at 0.01718 on 2025-11-11, reached a high of 0.01727, touched a low of 0.01630, and closed at 0.01678 on 2025-11-12 at 12:00 ET. Total volume for the 24-hour window was 10,629,543.7 units, with a notional turnover of approximately $180,494 (at average $0.01676). The pair appears to be consolidating after a bearish reversal formation near key resistance levels.

Structure & Formations

A bearish engulfing pattern formed at 17:00 ET, with a strong move from 0.01718 to 0.01702. This was followed by a continued breakdown toward 0.01630. A potential support level may be forming at the 0.01630–0.01645 range, as price bounced twice in the last 12 hours. A bullish harami at 04:45 ET near 0.01674 may hint at short-term consolidation, but lacks confirmation.

Moving Averages

On the 15-minute chart, price closed below the 20- and 50-period moving averages, indicating continued bearish bias. On the daily chart, the 50- and 200-period moving averages remain in a downtrend alignment, reinforcing the bearish tone. A potential short-term bounce may be in play but remains unconfirmed.

MACD & RSI

MACD turned negative at the close, with a bearish crossover below the signal line. The RSI approached 30, suggesting oversold conditions, though divergence between price and momentum remains inconclusive. A rebound in the next 24 hours may depend on a confirming move above 0.01685 to validate RSI’s short-term bottoming action.

Bollinger Bands

Price closed near the lower Bollinger band on the 15-minute chart, signaling increased volatility and bearish exhaustion. The 20-period BB width has expanded, indicating a continuation phase rather than a reversal. A break above the midline at ~0.01690 could re-energize buyers but would need to hold for confirmation.

Volume & Turnover

Volume increased sharply after 19:15 ET as price broke below 0.01690, reaching a peak of ~950,000 units. Turnover remained high despite the price drop, confirming distribution at key levels. However, volume has since declined as price approaches the 0.01630 area, raising questions about the strength of the support.

Fibonacci Retracements

Key Fibonacci levels from the 0.01727–0.01630 swing include 0.01684 (38.2%) and 0.01656 (61.8%). The 61.8% level has been tested but not broken, suggesting a possible near-term floor. On the daily chart, the 0.01667 level corresponds to a prior 61.8% retracement, aligning with a potential short-term consolidation zone.

Backtest Hypothesis

A backtest of a strategy to buy MDTUSDT on the appearance of a Bearish Engulfing pattern and exit at the next-day close from 1 Jan 2022 to 12 Nov 2025 yielded a total return of –46% over the period, with an annualized loss of ~8%. The strategy endured a maximum drawdown of 54%, with an average loss per trade of –0.39% and a Sharpe ratio of –0.33, indicating poor risk-adjusted returns. The negative expectancy suggests that this signal, alone, lacks reliability for long entry on MDTUSDT. However, its consistent bearish bias could be useful as a shorting trigger or in combination with additional filters such as RSI oversold conditions or volatility expansion in Bollinger Bands. Further refinement could include stop-loss levels at key Fibonacci or moving average levels.