Market Overview for Streamr/Tether (DATAUSDT)

Summary
• Price consolidated between $0.00569 and $0.00576 on DATAUSDT, with failed attempts to break above resistance.
• Volume spiked in early morning ET, but price fell, indicating possible short-term bearish pressure.
• RSI remained neutral near 50, with no overbought or oversold signals observed in the last 24 hours.
• A bullish engulfing pattern formed near $0.00572, suggesting potential short-term buying interest.

At 12:00 ET on 2025-12-17, Streamr/Tether (DATAUSDT) opened at $0.00573, reached a high of $0.00578, and a low of $0.00554 before closing at $0.00565. Total 24-hour volume was approximately 13.6 million units, with a notional turnover of ~$75,964, calculated using mid-range prices.

Structure & Key Levels

The price of DATAUSDT formed a consolidation range between $0.00569 (support) and $0.00576 (resistance) during the session. A bullish engulfing candle formed at $0.00572 in the late ET afternoon, suggesting possible reversal potential. A doji appeared at $0.00566 in the early morning, indicating indecision among traders.

Moving Averages and MACD

The 20-period and 50-period moving averages on the 5-minute chart remained relatively flat, reflecting low directional momentum. The MACD showed a narrow histogram and zero crossover, indicating a potential pause in trend development. The 9-period signal line hovered around the zero line, consistent with a ranging pattern.

RSI and Volatility

The 14-period RSI ended near 50, reflecting balanced buying and selling pressure. There were no clear overbought or oversold conditions during the session. Bollinger Bands showed moderate width, with price spending most of the session near the middle band, suggesting low volatility.

Volume and Turnover

The most intense volume spike occurred at ~05:15 ET, with over 887,000 units traded, but price fell afterward, signaling potential distribution. Total notional turnover peaked near the same time as volume, though no clear divergence was observed between price and turnover.

Fibonacci Retracements

Applying Fibonacci to the key 5-minute swing from $0.00578 to $0.00554, the price found support at 61.8% (~$0.00564), which aligned with a recent consolidation base. The 38.2% retracement level (~$0.00566) also held as a minor support zone during the night session.

The market appears to be in a period of consolidation ahead of a potential breakout. A test of $0.00576 could trigger renewed buying, while a retest of $0.00564 may confirm short-term support. Investors should remain cautious of thin volume and mixed momentum indicators, which suggest a higher probability of sideways action in the next 24 hours.