DAR Open Network/Tether Market Overview

• Price declined 24 hours to 0.03074 from 0.03249, forming bearish momentum with strong volume sell-through.
• Key support levels identified at 0.0318 and 0.0309, with RSI entering oversold territory suggesting potential bounce.
• Volatility expanded significantly in late hours, with Bollinger Bands widening below 0.0315.
• Volume and turnover diverged in late ET hours, with large sell-side participation around 0.0320.
• MACD bearish crossover confirmed in 15-min chart, with negative divergence in price and momentum.

DAR Open Network/Tether (DUSDT) opened at 0.03218 on 2025-10-06 12:00 ET, reached a high of 0.03249, a low of 0.03070, and closed at 0.03074 by 12:00 ET-1. Total volume over 24 hours was 17,195,477. Total notional turnover was $549,000. A clear bearish bias emerged across multiple timeframes.

The 15-minute chart showed a sharp breakdown from 0.03249 to 0.03100 after a large red candle at 15:15 ET confirmed a bearish reversal. Support levels were identified at 0.0318 and 0.0309, with the latter now holding as a potential pivot. Resistance remains at 0.0320, where multiple doji and indecision candles formed. The price action suggests exhaustion in the short term, but a retest of 0.0320 appears likely.

MACD showed a bearish crossover in late morning ET, with negative momentum confirming the downward drift. RSI dropped to oversold levels below 30, hinting at a potential bounce from 0.0309–0.0310. However, divergence between falling prices and RSI could indicate a deeper bearish move is still possible. Bollinger Bands widened significantly below 0.0315, signaling increased volatility as the pair consolidates near its 24-hour low.

Volume and turnover diverged in the late ET hours, with heavy selling at 0.0320 and 0.0318 but minimal buying in the 0.0310–0.0312 range. This suggests weak demand and could lead to further downward drift in the next 24 hours. Traders should remain cautious, as a break below 0.0309 could trigger a retest of the 0.0307 level. A pullback toward 0.0320 may offer a short-term bounce but is likely to be bearish confirmed.

Fibonacci retracements on the 15-minute swing from 0.03249 to 0.03070 show key levels at 0.0319 (38.2%), 0.0315 (50%), and 0.0312 (61.8%). The price has stalled near 0.0310, which is below the 61.8% level, indicating a potential continuation lower. On the daily chart, 50SMA and 100SMA are bearish aligned, with price testing 0.0312 as a potential near-term pivot point.

Backtest Hypothesis
A potential backtesting strategy for DUSDT involves using a 20-period and 50-period EMA crossover on the 15-minute chart to identify short-term directional bias. The crossover should be confirmed with a bearish RSI divergence below 30, suggesting oversold conditions. Stop-loss placement can be set just above the 50EMA on the 15-minute chart, while take-profit targets align with key Fibonacci levels at 0.0319 and 0.0315. This strategy would focus on short-term scalping in a bearish trend, with entry points formed after consolidation periods near key support levels.