Market Overview for Streamr/Tether (DATAUSDT) on 2026-01-17

Summary
• Price action shows a bullish rebound after testing key support at 0.00482–0.00483.
• RSI remains within balanced territory, with no signs of overbought or oversold extremes.
• Volume spiked during mid-session consolidation, confirming strength in the 0.00485–0.00487 range.
• A bullish engulfing pattern formed near 0.00485, signaling potential upward follow-through.
• Bollinger Bands indicate stable volatility, with price near the middle band during the final hours.

Market Summary

Streamr/Tether (DATAUSDT) opened at 0.00472 on 2026-01-16 at 12:00 ET, reaching a high of 0.00499 and a low of 0.00465 before closing at 0.00483 on 2026-01-17 at 12:00 ET. The 24-hour trading session saw a total volume of 21,938,496.0 and a notional turnover of 105,820.2.

Structure & Patterns

Price found initial resistance at 0.00487–0.00488, with several attempts to break above this level. A key bullish engulfing pattern formed at 0.00485, suggesting a short-term reversal from bearish to bullish sentiment. A bearish doji appeared at 0.00494 during the early morning hours, hinting at indecision. Notable support was identified at 0.00482–0.00483, where price consolidated and rebounded during the late evening session.

Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart were closely aligned near 0.00484–0.00486, with price hovering just above them during the final hours. On the daily chart, the 50-period MA at 0.00483 and the 200-period MA at 0.00479 suggest a neutral-to-bullish bias, with price closing slightly above both.

Momentum & Volatility

RSI remained within the 45–55 range for most of the session, showing no extreme overbought or oversold conditions. MACD crossed above the zero line during the late evening, forming a bullish crossover, which was confirmed by rising volume during the rebound. Bollinger Bands were relatively stable, with price staying near the middle band during the final hours, indicating moderate volatility and a lack of explosive directional bias.

Volume and Turnover

The largest volume spike occurred at 03:15 ET with 2.78 million contracts traded, coinciding with a sharp decline from 0.00495 to 0.00491. A second significant volume increase at 13:30 ET marked a strong bullish reversal at 0.00487–0.00493. Turnover was well correlated with price direction during the late evening and early morning, suggesting strong conviction in both bullish and bearish phases.

Fibonacci Retracements

Applying Fibonacci levels to the key swing from 0.00465 to 0.00499, the 61.8% level at 0.00486 and the 38.2% level at 0.00481 were both tested during the session. Price bounced from the 38.2% level and briefly approached the 61.8% level before retreating, indicating potential short-term resistance at 0.00486–0.00487.

DATAUSDT appears to have found solid support near 0.00482–0.00483, with a potential breakout attempt forming at 0.00487–0.00488. Traders may look for a sustained close above 0.00488 to confirm a bullish bias, while a breakdown below 0.00482 could reignite bearish momentum. As always, a sharp change in volume or a divergence in RSI could signal a turning point in the near term.