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Summary
• Price formed a bearish engulfing pattern near 0.00569 with high volume.
• RSI and MACD signaled overbought conditions, followed by a reversal into oversold.
• Volatility expanded midday before settling into a narrowing range near the 20-period MA.
• Turnover surged during the early afternoon rally but diverged from price in the final 4 hours.
• Fibonacci 61.8% level at 0.00557 acted as a short-term support during the retracement.
Streamr/Tether (DATAUSDT) opened at 0.00547 on 2025-12-23 12:00 ET, reached a high of 0.00589, and closed at 0.00537 by 2025-12-24 12:00 ET, with a low of 0.00535. The 24-hour volume was 30,284,354.3, and notional turnover totaled $163,809.
Price Action and Structure
Price broke out of a consolidation phase late in the afternoon, forming a bearish engulfing pattern near 0.00569, which coincided with a high-volume candle and a pullback in both RSI and MACD. The formation indicated strong short-term bearish momentum, with price dropping below key intraday support levels afterward. By the final hours, the price settled near the 20-period moving average, suggesting a temporary pause in selling pressure.

Momentum and Indicators
RSI hit overbought levels around 70 during the morning surge before a sharp reversal into oversold territory by late night, indicating a shift in sentiment. MACD confirmed the bearish divergence, with the histogram shrinking as prices declined. Bollinger Bands showed a noticeable expansion during the rally and a contraction in the final hours, reflecting reduced volatility.
Volume and Turnover
Turnover surged during the afternoon rally with a single candle at 0.00569 contributing 2.5 million notional value, but volume waned as the trend reversed. A divergence emerged in the last 4 hours, as prices continued lower while turnover remained muted, suggesting potential exhaustion in the move.
Fibonacci Retracements and Resistance
A key Fibonacci 61.8% retracement level at 0.00557 held as temporary support in the late afternoon, but the price broke below that level after mid-night, signaling bearish bias. The 50-period moving average may offer further support near 0.00550 if the downward trend continues.
Looking ahead, a test of the 0.00540 level is likely, with a risk of further consolidation or a potential rebound off that support. Investors should monitor volume behavior near key Fib levels for signs of reversal or continuation.
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