Market Overview for Streamr/Tether (DATAUSDT)

Summary
• Price fell from $0.00605 to $0.00594 as bearish momentum picked up late in the session.
• Volume surged near $0.0059, highlighting key support and divergence in price-turnover dynamics.
• A potential short-term support zone emerged at $0.00592–$0.00593 amid consolidation.

Streamr/Tether (DATAUSDT) opened at $0.00604 on 2025-12-28 at 12:00 ET−1, reached a high of $0.00605, and closed at $0.00594 by 12:00 ET. The price traded between $0.00605 and $0.00590, with total volume of 14,571,771 and turnover of 8,638.49 USDT.

Structure & Formations

The price action shows a bearish consolidation pattern after a failed test of resistance at $0.00602–$0.00605. A key support zone at $0.00592–$0.00593 appears to have held multiple times, forming a potential short-term floor. A long lower shadow at $0.00590 suggests rejection near this level, though a pinocchio candle or bullish reversal could form if buyers return.

Moving Averages

On the 5-minute chart, price has consistently traded below both 20 and 50-period moving averages, indicating short-term bearish bias. Daily MAs are not available here, but given the 24-hour move, the 50-period line is likely below the current close.

MACD & RSI

The RSI fell into oversold territory below 30 during the final hours of the session, suggesting a potential short-term reversal. The MACD showed a narrowing bearish histogram late in the day, with a flattening trend line, which could precede a momentum shift.

Bollinger Bands

Volatility expanded after 09:45 ET as price dropped sharply into the lower band at $0.00590. While it briefly touched the lower band, it did not break through convincingly, suggesting potential for a rebound into the band’s midline if buyers step in.

Volume & Turnover

Volume and turnover spiked around $0.00592–$0.00590, with a large volume bar at 11:45 ET where price closed at $0.00592. This suggests active participation at the support zone, though price failed to close above it, indicating mixed conviction. A divergence between volume and price movement emerged later in the session, which may signal weakening bearish momentum.

Fibonacci Retracements

On the 5-minute chart, the price found support at the 61.8% Fibonacci level of the recent $0.00602–$0.00590 swing, around $0.00593. A break below $0.00590 could target the next Fibonacci level at $0.00587, while a rebound above $0.00597 may retest earlier resistance.

The market appears to be consolidating near key support levels with mixed signals. While oversold RSI suggests short-term buying potential, bearish volume dynamics and lower time frame trends remain cautious. Investors should watch for a clean break of $0.00593 as confirmation of further support or a retest of $0.00597 for a reversal. Price could remain range-bound in the near term, with risks of a follow-through break below $0.00590.