DAR Open Network/Tether Market Overview

• DUSDT traded lower by -0.85% at 0.03125, with a 24-hour range of 0.03105–0.03273 and below key resistance at 0.03243.
• Momentum weakened as RSI dipped into oversold territory while volume spiked during the breakdown.
• Volatility expanded in the early session, followed by a retest of support and consolidation near 0.0312.
• Bollinger Bands signaled a recent contraction after a sharp decline, indicating a potential reversal phase.
• Divergence between price and turnover suggests mixed conviction in the move lower, raising short-term uncertainty.

DAR Open Network/Tether (DUSDT) opened at 0.03213 on 2025-10-03 at 12:00 ET and traded to a high of 0.03273 before closing at 0.03125 on 2025-10-04 at 12:00 ET. The 24-hour range was 0.03105–0.03273, with total volume of ~4,815,435 and turnover of ~$154,549. Price broke below a key support level at 0.03126 and has been consolidating, signaling potential bearish continuation.

Structure & Formations

The 15-minute chart showed a bearish engulfing pattern at the early high near 0.03268 and a sharp breakdown from a prior support level at 0.03126. A doji appeared near 0.0317, signaling indecision. Key resistances include 0.0323 (broken), 0.03243, and 0.03273, with 0.03126 and 0.03105 as immediate supports. A potential bullish reversal could form if price retraces above 0.03126.

Moving Averages

On the 15-minute timeframe, the price closed below both the 20-period and 50-period moving averages, reinforcing the bearish trend. On the daily chart, the 50-period SMA at ~0.03212 and 200-period SMA at ~0.03218 suggest a potential reversal could occur if the price breaks above the 50-day MA with volume confirmation.

MACD & RSI

The 15-minute MACD turned negative with a bearish crossover, while RSI dropped into oversold territory at ~28. This suggests the downward move may be exhausted in the short term. However, divergence in RSI during the breakdown indicates caution—price could consolidate before a directional shift.

Bollinger Bands

Price has traded near the lower band of the Bollinger Bands in recent hours, indicating increased volatility and bearish pressure. A contraction occurred in the early session before a sharp decline pushed price to the lower band. A move above the 0.03126 level may trigger a test of the upper band as momentum recovers.

Volume & Turnover

Volume surged during the breakdown, with a 15-minute candle showing ~492,110 volume and ~$15,724 turnover. This confirms the move lower. However, subsequent candles show declining volume, suggesting reduced conviction. Price and turnover have diverged slightly after the breakdown, with price still trending lower while turnover has not maintained the same level.

Fibonacci Retracements

Applying Fibonacci to the recent swing from 0.03105 to 0.03273, the 38.2% retracement level is at ~0.03177 and the 61.8% level at ~0.03149. Price has tested the 61.8% level and may face near-term resistance there. A close above 0.03177 could signal a deeper retracement phase.

Backtest Hypothesis

A potential backtest strategy involves entering longs at 61.8% retracement levels during bearish corrections with RSI in oversold territory and volume confirmation. Short positions could be initiated on a breakdown below the 38.2% level with a stop above the 61.8% level. The key is to use Bollinger Band breakouts as a filter to avoid false signals and ensure alignment with the 20-EMA direction.