DAR Open Network/Tether Market Overview

• DUSDT traded in a narrow range, with price consolidating near key support levels.
• Momentum weakened as RSI and MACD diverged from price action in late trading.
• Bollinger Bands narrowed midday, signaling low volatility ahead.
• Volume dipped significantly in overnight trading, suggesting reduced liquidity.

At 12:00 ET on 2025-09-13, DAR Open Network/Tether (DUSDT) opened at $0.0366, reached a high of $0.03895, and a low of $0.03617 before closing at $0.03715. The 24-hour trading period saw a total trading volume of 66,169,561.0 units and a notional turnover of $2,461.83. Price action was choppy, with no clear directional bias emerging.

Structure & Formations

Price oscillated between two key levels: a dynamic support around $0.03635 and a resistance near $0.0375. A bullish engulfing pattern emerged briefly in the early morning, but it was quickly negated by a long upper shadow at $0.03742, followed by a bearish reversal. A doji formed at $0.03652 around midnight, signaling indecision and a likely continuation of consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed within the $0.0365–$0.0367 range, hinting at a potential support zone. The 50-period MA was near $0.03665, slightly above the 100- and 200-period averages, which were broadly aligned around $0.0365. This suggests a shallow bullish bias, though price remains tightly bound.

MACD & RSI

The MACD line crossed into positive territory in the early hours but quickly diverged from the price peak at $0.03895, forming a bearish divergence. RSI hit 55 midday and remained in neutral to slightly overbought territory. A pullback in the afternoon brought RSI down to 47, suggesting momentum was eroding. A closing RSI below 40 would be a bearish signal.

Bollinger Bands

Volatility was at its lowest in the morning with Bollinger Bands narrowing between $0.0365 and $0.0368. Price later broke out of the upper band briefly during a mid-morning spike but failed to sustain above it, indicating shallow bullish pressure. By midday, the bands widened slightly, with price hovering around the lower band — a sign of potential oversold conditions.

Volume & Turnover

Volume spiked dramatically at 17:00 ET with a notional turnover of $967.83, but it quickly declined through the evening, reaching a low of $14.35 at 02:30 ET. Despite the midday burst of activity, the overall trend shows a clear decline in participation. This reduction in volume and turnover may signal a pause in conviction, with traders awaiting further catalysts before committing to a direction.

Fibonacci Retracements

Applying Fibonacci levels to the 0.0366–0.03895 swing, key retracement levels include 38.2% at $0.03773 and 61.8% at $0.03726. Price briefly tested the 61.8% level before reversing lower. This suggests that the retracement area between $0.0372 and $0.0374 is a critical watch zone for near-term traders.

Backtest Hypothesis

A backtesting strategy based on a combination of Bollinger Band contractions, RSI divergence, and volume spikes could offer a viable edge in this low-momentum environment. Specifically, a buy entry upon a confirmed RSI bottom (RSI < 40) combined with a volume rebound and a break of the 15-minute 20-period MA could be tested. A stop-loss would be placed just below the recent swing low of $0.03617, with a target at $0.0375 to capture the next retracement level.
****

Looking ahead, DUSDT appears poised for another day of consolidation, with limited directional bias. A breakout above $0.0375 or a breakdown below $0.03635 would signal a potential shift in sentiment, but until then, traders should remain cautious. Volatility appears to be in a low-phase, so sudden surges could come without warning.