DAR Open Network/Tether (DUSDT) Market Overview

• DUSDT traded in a tight range during early hours but broke higher after 21:00 ET with increasing volume.
• Price pushed to 0.0205 near session high, but failed to sustain above 0.02045.
• RSI and MACD showed positive momentum, but price remains within 10-day Bollinger Band contraction.
• Turnover reached $8.5M near peak with 0.0202–0.0203 as key 15-minute support/resistance.
• Final 4-hour range between 0.02021–0.02034 suggests consolidation ahead of next move.

DAR Open Network/Tether (DUSDT) opened at 0.0198 on 2025-10-30 at 12:00 ET and closed at 0.02034 by 12:00 ET on 2025-10-31. The 24-hour range was 0.01924 to 0.02050, with a total trading volume of ~4.6 million units and notional turnover of approximately $91.4 million. Price action showed a clear shift in sentiment overnight, with a key break above 0.02025.

Structure & Formations

The candlestick data reveals a series of consolidating patterns early in the session, with a bearish 15-minute pattern forming between 17:15 and 17:45 ET, followed by a bullish reversal at 18:45 ET. A bullish breakout occurred at 21:00 ET with a large bullish candle that engulfed the previous bearish bar—a possible bullish engulfing pattern. Key support was identified around 0.01953–0.0196, with resistance forming at 0.02022–0.02034. A bearish divergence emerged in the final 15-minute bar of the session at 12:00 ET, hinting at near-term profit-taking.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 15-minute chart crossed to the upside after 21:00 ET, confirming the bullish breakout. RSI peaked at 64 during the final hour of the session, suggesting moderate momentum but not overbought territory. MACD showed a positive divergence and a bullish crossover as price broke above 0.02025. On the daily chart, 50- and 200-period moving averages are converging, which may indicate a potential long-term bullish setup.

Bollinger Bands and Volatility

Volatility expanded significantly during the bullish breakout between 21:00 and 22:00 ET, with the price breaking above the upper Bollinger Band at 0.0204. This expansion was followed by a sharp contraction as price settled into a narrower range between 0.0202 and 0.02035. The upper band acted as a temporary ceiling, with a rejection observed at 0.02046 on the final candle before 15:00 ET. The narrowing bands suggest a potential consolidation phase ahead of the next directional move.

Fibonacci Retracements

A 15-minute swing from 0.01928 to 0.02050 shows key Fibonacci levels at 0.01982 (38.2%), 0.02018 (61.8%), and 0.02034 (78.6%). The price found support at 0.02018 twice and resistance at 0.02034, suggesting these levels may continue to be relevant in the near term. On the daily chart, a larger swing from 0.0194 to 0.0205 shows similar retracement levels, with the 0.02018 level acting as a critical pivot.

Volume and Turnover

The highest volume and turnover were recorded between 00:00 and 05:00 ET, with a sharp rise in notional value at 00:30 ET as price approached 0.02016. A divergence was observed between volume and price during the 04:30–05:00 ET period, as price moved higher on declining volume. The most recent bullish breakout at 21:00 ET was accompanied by a large increase in volume and turnover, confirming the strength of the move.

Backtest Hypothesis

Given the potential bullish engulfing pattern observed at 21:00 ET, a backtest hypothesis could be built around this formation. A strategy might trigger a long position on confirmation of the bullish engulfing pattern—when the closing price of the bullish candle is above the high of the prior bearish candle. Stop-loss could be placed below the low of the engulfing candle, with a target set at the 61.8% Fibonacci level of the recent swing. While the database could not locate a prior history of such patterns for DUSDT, this approach could be tested on similar symbols or using manually recorded signals if available.