Market Overview for Streamr/Tether (DATAUSDT)

Summary
• Price formed a bullish reversal pattern near 0.00581 and tested resistance at 0.00608.
• Volume surged during the late-night rebound but declined toward the 24-hour close.
• RSI suggests overbought conditions briefly at 0.00608, hinting at potential near-term consolidation.
• Price remained within a 20-period Bollinger Band contraction before breaking higher.
• Fibonacci levels at 0.00586 (61.8%) and 0.00593 (38.2%) show recurring significance.

The Streamr/Tether (DATAUSDT) pair opened at 0.00566 on 2025-12-31 12:00 ET and reached a high of 0.00614 before closing at 0.00598 on 2026-01-01 12:00 ET. The 24-hour volume totaled 37,219,776.5 with a notional turnover of $216,589.85.

Structure & Formations

A key bullish reversal pattern formed near 0.00581 during the early hours of 2026-01-01, following a downward drift. The price subsequently tested the prior high of 0.00608, forming a long-legged doji near that level, suggesting indecision. Support was evident at 0.00583–0.00585, with multiple retests over the 24-hour period. The pair appears to be consolidating between 0.00581 and 0.00608, with the 0.00593–0.00602 range showing the most volatility.

MACD & RSI

The MACD turned positive during the late-night rebound, suggesting a potential shift in momentum toward the long side. However, the RSI approached overbought territory near 0.00608, indicating possible short-term profit-taking. Overbought conditions were temporary, and the RSI returned to neutral by midday, signaling a balance in buyer and seller pressure.

Bollinger Bands

A period of contraction in the Bollinger Bands was observed between 0.00583 and 0.00587, followed by a breakout above the upper band as the price surged toward 0.00608. This expansion in volatility suggests a shift in market sentiment. The price has remained within a relatively narrow range since the breakout, indicating that the move may still be in an early consolidation phase.

Volume & Turnover

Volume spiked sharply during the late-night recovery, peaking at 4.8 million around 0.00608, which confirmed the bullish breakout. However, volume has since declined, suggesting that the immediate upward momentum may be losing steam. Turnover mirrored the volume pattern, with the highest notional turnover occurring during the breakout and tapering off in the closing hours.

Fibonacci Retracements

Fibonacci levels derived from the recent swing low at 0.00581 and high at 0.00608 highlight key areas of interest. The 61.8% retracement at 0.00586 acted as a strong support, with multiple bounces observed. The 38.2% retracement at 0.00593 became a psychological level during the consolidation phase.

The price appears to be settling into a range between these key Fibonacci levels, suggesting a possible continuation of a trading pattern. A break above 0.00608 could signal renewed bullish intent, but traders may want to wait for confirmation on higher volume.

Traders may watch for a potential test of the 0.00608 level in the next 24 hours as a possible trigger for further upside. However, the recent drop in volume suggests caution, as the rally may lack broad-based participation. A retest of 0.00586 could also offer a strategic entry for longs, but downside risks remain if the price fails to hold above 0.00583.