Market Overview for Measurable Data Token/Tether USDt

• • MDTUSDT traded in a tight range pre-07:15 ET before surging to a 24-hour high of $0.025.
• • Momentum accelerated in the early hours of 09/05, with RSI reaching overbought territory near 70.
• • Bollinger Bands expanded as volatility spiked, with price pushing above the upper band during the rally.
• • Notable divergence between price and volume emerged at 07:15 ET as turnover surged despite a narrowing price range.

Opening and Closing Summary

Measurable Data Token/Tether USDt (MDTUSDT) opened at $0.02388 on 2025-09-04 at 12:00 ET, reaching a high of $0.025 and a low of $0.02374 before closing at $0.02417 on 2025-09-05 at 12:00 ET. Total volume across the 24-hour window was 7,756,167.6 and notional turnover amounted to $190,618.3.

Structure & Formations

MDTUSDT displayed a series of consolidative 15-minute patterns early in the session, with price failing to break above $0.0241 and $0.0242 until the early hours of 09/05. A large bullish engulfing pattern appeared at 07:15 ET as price surged from $0.02415 to $0.025. A key support level emerged around $0.02396–0.02398, which was tested and held four times during the session. A bearish hanging man pattern appeared at 08:30 ET, followed by a bullish morning star at 09:45 ET, suggesting indecision in the market.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs crossed at 08:00 ET and again at 10:45 ET, signaling potential trend reversals. The 50-period SMA held as a dynamic support at $0.02406–0.02408, with price rebounding from it multiple times. On the daily chart, the 50-period SMA at $0.02413 and 200-period SMA at $0.02405 suggest a neutral to slightly bullish bias, as price closed above both lines.

MACD & RSI

The 15-minute MACD crossed above the signal line at 07:00 ET and remained bullish through 09:15 ET before diverging with price at 09:30 ET. The RSI surged into overbought territory above 70 at 07:15 ET and remained elevated until 09:45 ET, indicating potential exhaustion in the bullish move. A bearish divergence in RSI occurred at 10:15 ET, as RSI began to trend lower despite a higher close.

Bollinger Bands

Bollinger Bands remained compressed between $0.0239 and $0.0241 until 07:15 ET, when a sharp price move pushed MDTUSDT above the upper band. The expansion of the bands coincided with a sharp rise in volume and turnover. By 09:45 ET, price had consolidated into the middle band, suggesting a temporary equilibrium. The lower band held around $0.02385–0.02387, acting as a floor during the early sell-off.

Volume & Turnover

Volume spiked significantly at 07:15 ET with a large 15-minute candle (volume: 4,731,274.7), marking the start of the breakout. Turnover followed suit, rising from below $1,000 per hour to over $13,000 during the 07:15–07:30 ET period. A divergence emerged at 09:15 ET as volume declined despite a higher close, suggesting potential exhaustion in the bullish move. Turnover reaccelerated again after 10:45 ET, confirming the consolidation phase.

Fibonacci Retracements

Applying Fibonacci retracements to the key 15-minute swing from $0.02374 to $0.025, the 38.2% level at $0.02445 and 61.8% at $0.02427 were both tested during the consolidation phase. On the daily chart, the 61.8% retracement level from a prior low was at $0.02395–0.02398, which acted as a strong support during the 09/04–09/05 period. Price failed to hold at the 50% retracement level of $0.02412, suggesting a potential resumption of bullish momentum.

Backtest Hypothesis

The backtest strategy described involves entering a long position on MDTUSDT when price closes above the 20-period SMA on the 15-minute chart and RSI is above 50, with a stop loss below the 50-period SMA. The current price action aligns with this setup, as the 20-period SMA is currently at $0.02417 and RSI is above 55. A trailing stop loss could be placed at $0.02406, the 50-period SMA. The strategy may benefit from the observed momentum and divergence patterns, particularly the bullish engulfing at 07:15 ET and the consolidation at the 61.8% Fibonacci level. However, traders should remain cautious about the bearish divergence in RSI and potential sell-off if the 20-period SMA is violated.