Streamr/Tether Market Overview for 2025-11-13

• Streamr/Tether consolidates after a sharp decline in early session.• Volatility remains elevated with volume spiking at key turning points.• RSI indicates potential oversold conditions toward the end of the session.

At 12:00 ET − 1 on 2025-11-13, Streamr/Tether (DATAUSDT) opened at $0.00753, reached a high of $0.00764, and a low of $0.00732, closing at $0.00763 by 12:00 ET. Total 24-hour volume amounted to 42,661,897.1 units, with notional turnover totaling $321,339. The price action reveals a volatile session with a late rally breaking out of a consolidation range.

Structure & Formations

The price action displayed a key bearish breakdown from $0.00754 before a strong bullish reversal formed near $0.00732. A bullish engulfing pattern emerged in the early hours, followed by a bearish harami and a long lower shadow indicating hesitation in the short term. A decisive bullish breakout from the consolidation formed near $0.00750 at the end of the session, suggesting renewed interest in DATAUSDT.

Moving Averages

On the 15-minute chart, the price broke above the 20-period and 50-period moving averages during the late hours, indicating potential short-term bullish momentum. On the daily chart, the 50-period MA sits at $0.00742, the 100-period MA at $0.00739, and the 200-period MA at $0.00735, suggesting a long-term bullish bias if the current move continues.

MACD & RSI

MACD crossed above the signal line in the final hours, confirming a shift in momentum. RSI reached oversold territory near 30 in mid-session and climbed to a neutral range (~45–55) by the close, signaling a potential pullback in short-term selling pressure.

Bollinger Bands

The price moved out of a tight Bollinger contraction during the mid-session hours, expanding volatility with the upper band at $0.00766 and the lower band at $0.00730. The final rally saw the price near the upper band, indicating a possible overbought condition and potential for a near-term correction.

Volume & Turnover

Volume spiked at key turning points, especially during the bearish breakdown and the final bullish breakout, confirming price action. Notional turnover also surged during these periods, indicating strong conviction in both the sell-off and the rally. A divergence in volume and price was observed during the consolidation phase, suggesting indecision among traders.

Fibonacci Retracements

Recent 15-minute swings show the price tested the 38.2% retracement level at $0.00747 before a deeper pullback to the 61.8% level at $0.00741. The final bullish breakout occurred near the 61.8% retracement of the session’s bearish leg, suggesting strong short-term bullish sentiment.

Backtest Hypothesis

The backtesting strategy would involve detecting a bullish engulfing pattern and entering a buy position at the close of the engulfing candle, holding for one trading day. Given the 15-minute timeframe and the volatility observed, this strategy could have been triggered during the mid-session rally at $0.00732, with a target set at the nearest Fibonacci resistance. The final bullish breakout at $0.00763 could have provided a favorable risk/reward ratio.