MDT -5860% in 1 Year as Technical Indicators Highlight Bearish Momentum

On SEP 6 2025, MDT dropped by 4.13% within 24 hours to reach $0.02417, MDT dropped by 245.97% within 7 days, dropped by 1181.19% within 1 month, and dropped by 5860% within 1 year.

The prolonged downward trend in MDT has captured attention among market observers and investors, with the token experiencing a severe correction over the past year. The current price level represents a stark contrast to historical levels, with the recent 24-hour decline adding to the downward spiral. The 4.13% dip over a single day reflects a continuation of bearish sentiment rather than an isolated event. Market participants are now scrutinizing the technical landscape to identify potential turning points or confirmation signals for further declines.

Technical indicators across multiple timeframes highlight the depth of the bearish momentum. On the daily chart, the Relative Strength Index (RSI) has moved into oversold territory, indicating potential for a short-term rebound. However, the Moving Average Convergence Divergence (MACD) shows negative momentum, with the histogram contracting and the signal line remaining below the MACD line. These readings support the view that the decline is likely to continue, barring a significant exogenous catalyst.

The 50-day and 200-day moving averages have diverged further, with the 50-day line now significantly below the 200-day line, reinforcing a bearish bias. The price is also trading below critical support levels identified by key Fibonacci retracement levels, suggesting that further downside remains a high probability scenario in the near term.

Backtest Hypothesis

A backtesting strategy rooted in a combination of RSI and MACD signals was evaluated to assess its applicability to MDT’s recent trajectory. The strategy triggers a sell signal when the RSI moves above 70 and the MACD line crosses below the signal line, indicating a bearish crossover. Conversely, a buy signal is generated when the RSI falls below 30 and the MACD line crosses above the signal line. The strategy was applied to historical MDT data across a one-year period, focusing on daily data to align with the timeframe of the observed price action. The results of the backtest will be analyzed for profitability, win rate, and drawdowns, providing further insight into the reliability of technical indicators in navigating the current bear market.