Market Overview: Measurable Data Token/Tether (MDTUSDT) – September 24, 2025

• Price declined from 0.02298 to 0.02274 before recovering to 0.02308.
• Strong volume and turnover observed during the overnight sell-off.
• MDTUSDT broke above a key resistance level near 0.0230–0.0231.
• RSI and MACD showed bearish divergence before a late-day bullish reversal.
• Volatility expanded with Bollinger Band widening in the morning session.

24-Hour Summary

At 12:00 ET on September 24, 2025, Measurable Data Token/Tether (MDTUSDT) opened at 0.0229, reached a high of 0.02315, a low of 0.02208, and closed at 0.02291. Total trading volume for the 24-hour window was approximately 13.76 million tokens, with notional turnover exceeding $3.2 million. Price action showed a distinct bearish impulse followed by a late-day bullish rebound, with volume surging during key inflection points.

1. Structure & Formations

The price formed a large bearish engulfing candle at 02:15 ET, signaling a potential reversal from bullish to bearish momentum. A key support level emerged around 0.0227–0.0228, where price found repeated bids. A bullish harami pattern formed near 07:00 ET, hinting at a potential reversal in the downward trend. The 0.0228–0.0230 range appears to be a critical battleground, with the 0.0230–0.0231 level acting as a psychological resistance.

2. Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed multiple times, suggesting choppy short-term conditions. Price frequently tested above and below the 50-period line, which acted as a dynamic support/resistance. On the daily chart, the 50-day and 200-day moving averages show a slightly bullish bias, with MDTUSDT currently above both.

3. MACD & RSI

The MACD crossed into bearish territory early in the session and remained negative until a late rally pushed it back into positive territory. RSI dipped into oversold levels near 28 during the early morning sell-off, then spiked above 60 as price rallied. This suggests a potential overbought condition now, with momentum pulling back from the upper end of the typical 30–70 range.

4. Bollinger Bands

Bollinger Bands expanded significantly during the early sell-off, indicating a rise in volatility. Price found support near the lower band multiple times before bouncing off and closing near the middle band. This suggests that while volatility is elevated, there is a floor in price action forming around 0.0226–0.0227.

5. Volume & Turnover

Volume spiked sharply during the early morning hours when price fell below 0.0225, confirming the bearish move. However, volume declined significantly during the rebound, suggesting a weaker conviction in the bullish move. Notional turnover also spiked during the bearish impulse and declined during the rebound, signaling potential exhaustion in the short-term rally.

6. Fibonacci Retracements

Key Fibonacci levels on the 15-minute chart showed that the 61.8% retracement of the morning sell-off aligned with the 0.0226–0.0227 range, which provided solid support. On the daily chart, a 38.2% retracement of the recent major swing appears to be holding as a key resistance level around 0.0230.

Backtest Hypothesis

The identified Fibonacci levels and candlestick patterns suggest a potential short-term continuation of the bullish trend if price retests the 0.0230–0.0231 resistance and holds. A backtest could focus on a buy strategy at a 61.8% retracement of the morning sell-off, with a stop-loss below the 0.0226 support and a take-profit at the 0.0231–0.0232 resistance. Given the divergence seen in RSI and MACD, incorporating a filter for positive MACD crossover and RSI above 50 could help refine entry signals and reduce false breakouts.