DAR Open Network/Tether (DUSDT) Market Overview

• DUSDT climbed from 0.0222 to 0.02523 amid strong volume and momentum.
• A bullish breakout above 0.02405 confirmed by high volume and rising RSI.
• Volatility expanded significantly with Bollinger Bands widening post-0.02405.
• Key Fibonacci levels at 0.02479 (61.8%) and 0.02409 (38.2%) show critical support/resistance.
• Divergence in late-day volume suggests caution ahead of the 24-hour close at 0.02444.

DAR Open Network/Tether (DUSDT) opened at 0.0222 on 2025-10-12 at 12:00 ET and closed at 0.02444 by the same time on 2025-10-13. The pair surged to a high of 0.02567 and touched a low of 0.02213 over the 24-hour period. Total traded volume was 39,959,895.0, with a notional turnover of approximately $999,925.70, assuming a 1-coin size.

The 15-minute chart reveals a strong bullish trend beginning after 19:30 ET on the 12th, marked by an engulfing pattern and a breakout above the 0.02405 psychological level. The 20-period EMA and 50-period EMA show a clear bullish crossover by 20:00 ET. Daily moving averages indicate the 50-period MA is approaching the 200-period MA from above, suggesting a potential short-term pullback but a generally bullish bias.

Structure & Formations

Key support levels to watch include 0.02409 (38.2% Fibonacci) and 0.02357 (61.8% retracement from the 0.02479 peak), while resistance lies at 0.02479 and 0.02509. A series of bullish engulfing patterns formed around 0.02405 to 0.02489, signaling strong buying pressure. A doji near 0.02509 on the 10:45 ET candle suggests indecision at a key resistance area. These patterns imply the market may consolidate before resuming higher, but caution is warranted if price retests 0.02405 with weak volume.

MACD & RSI

MACD remained positive for most of the session, with the histogram showing increasing bullish momentum from 19:30 to 04:00 ET. RSI climbed to overbought territory (above 70) at 0.02509, indicating the potential for a pullback. However, the RSI divergence from price around 10:45 ET suggests that momentum is still in favor of the bulls. A sustained move below 0.02421 with RSI dipping below 40 would trigger a reevaluation of the bullish case.

Bollinger Bands

Volatility expanded significantly as price moved from the lower band (0.02213–0.02331) to the upper band (0.02467–0.02567). By 05:00 ET, price began to stabilize within a tighter range, suggesting a potential consolidation phase. If price remains within the Bollinger Band range, it could indicate a continuation of the trend; however, a breakout above 0.02489 or below 0.02409 could signal a shift in sentiment.

Volume & Turnover

Volume spiked at key turning points, such as the breakout above 0.02405 and the 0.02509 peak. The largest single candle in terms of volume occurred at 09:00 ET (10:00000 candle), with a massive 3.458 million contracts traded. Notional turnover followed a similar pattern, confirming the strength of price action. However, the final 15-minute candle (12:0000) showed a sharp drop in volume, suggesting a possible topping phase. Investors should monitor volume closely for signs of weakening bullish momentum.

Fibonacci Retracements

Applying Fibonacci retracements to the major 15-minute swing from 0.02213 to 0.02567, key levels to watch are 0.02409 (38.2%), 0.02479 (61.8%), and 0.02509 (78.6%). The price tested the 61.8% retracement level at 0.02479 multiple times, failing to break through, suggesting a potential ceiling. The 38.2% level at 0.02409 appears to be acting as a pivot point for the next leg higher. A sustained break above 0.02479 would invalidate the 61.8% as a cap and extend the bullish trend.

Backtest Hypothesis

Given the recent bullish momentum and confirmed breakout above 0.02405, a 14-day backtest using the MACD crossover (12, 26, 9) on the 15-minute chart could be a viable strategy to evaluate. A long entry would be triggered when the MACD line crosses above the signal line, and the price remains above 0.02405. Stop-loss could be placed at the nearest Fibonacci support at 0.02409, while the first target lies at 0.02479 (61.8%), and the second target at 0.02509 (78.6%). This strategy should be tested using the correct exchange-qualified ticker to ensure data integrity and accurate backtesting results.