Measurable Data Token/Tether Market Overview

• MDTUSDT formed key support at 0.02105 and resistance at 0.02160, with bearish momentum followed by a bullish reversal in late ET.
• Price closed 0.02147 at 12:00 ET, up 0.23% from the prior day’s open, showing mixed intraday sentiment.
• Volatility expanded during the midday ET sell-off, with a volume spike of 760,018.4 at 13:45 ET.
• RSI hovered near neutral levels, suggesting balanced buying and selling pressure.
• Turnover diverged slightly during key price swings, indicating possible distribution or accumulation.

Measurable Data Token/Tether (MDTUSDT) opened at 0.02144 on 2025-10-05 at 12:00 ET, reaching a high of 0.02162 and a low of 0.02082 before closing at 0.02147 on 2025-10-06 at 12:00 ET. The pair saw a 24-hour trading volume of 8,186,940 and a notional turnover of $171,848. The session was marked by a bearish morning sell-off, a midday consolidation, and a late ET recovery attempt.

The structure of the 15-minute candles showed strong support forming at 0.02105, with a hammer formation at 0.02105–0.02108 at 02:15 ET signaling a potential short-term reversal. Resistance emerged around 0.02160, with a bearish engulfing pattern at 0.02159–0.02150 at 09:45 ET confirming the reversal from the previous bullish phase. A doji appeared at 0.02142 on 06:30 ET, suggesting indecision.

Bollinger Bands showed a moderate expansion during the 14:00–14:30 ET range, with price closing near the upper band on 15:30 ET, suggesting heightened volatility. The 20-period moving average was below the 50-period line during the early ET sell-off but crossed above it post-09:00 ET, indicating a potential shift in sentiment. On the daily chart, the 50-period and 200-period lines were closely aligned, signaling a potential consolidation phase.

The MACD crossed into the negative territory during the morning sell-off, confirming bearish momentum, while RSI bottomed near 30 at 0.02105–0.02106, indicating oversold conditions. As price recovered, RSI rose back to 50, suggesting equilibrium. Fibonacci retracements of the 0.02105–0.02160 swing showed key levels at 0.02129 (38.2%) and 0.02142 (61.8%), both of which were tested in the afternoon.

A backtest hypothesis using the key 38.2% and 61.8% Fibonacci levels as entry points, combined with RSI-based entries below 30 and above 70, could offer a structured short-term trading strategy. A long bias might be warranted on a breakout above 0.02155 with confirmation by the 50-period moving average. However, a breakdown below 0.02125 may trigger a deeper correction, so traders should remain cautious.