DAR Open Network/Tether Market Overview

Summary
• Price fluctuated sharply with a midday breakout to 0.03074 before consolidating near 0.021.
• Volume surged to 87.3M at 17:15 ET, highlighting a volatile rally.
• RSI and MACD suggest potential oversold conditions with bearish momentum.
• Bollinger Bands show reduced volatility as price stabilizes near the lower band.
• Divergence between price and volume in late hours indicates caution.

DAR Open Network/Tether (DUSDT) opened at 0.02099 on 2025-11-07 at 12:00 ET and closed at 0.0209 on 2025-11-08 at 12:00 ET. The 24-hour high and low were 0.03074 and 0.01957, respectively. Total volume reached 29,509,540.0 and turnover amounted to approximately $637,018.00. The price action featured a sharp spike upward, followed by a pullback and consolidation.

Structure & Formations

Price action formed a bearish continuation pattern after a short-lived bullish impulse at 17:15 ET. A key resistance level emerged near 0.03074, which failed to hold and was later retraced. A bearish engulfing pattern was observed near that high, while a doji at 19:30 ET signaled indecision. Support appears to be consolidating near 0.0201–0.0209, with recent tests showing mixed strength.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly after the midday rally, reinforcing the downward momentum. On the daily chart, the 50-period MA appears to be a critical resistance, currently above the closing price. The 200-period MA continues to act as a strong support zone, but price remains well below it, indicating medium-term bearishness.

MACD & RSI

The MACD showed a bearish crossover around 19:30 ET, with the histogram shrinking in the negative territory, suggesting weakening short-term momentum. RSI dipped below 30 into oversold territory, raising the possibility of a bounce. However, the divergence between RSI and price suggests underlying bearish pressure. The RSI has yet to confirm a sustained reversal, maintaining a cautious outlook for the near term.

Bollinger Bands

Volatility has decreased significantly, with the bands contracting tightly around the midline. Price is currently trading near the lower band, which could act as a floor for the next 24 hours. A break below the lower band might indicate further bearish potential, but a bounce within the bands could trigger a short-term recovery. The narrow band suggests a potential breakout or breakdown scenario.

Volume & Turnover

Volume spiked dramatically at 17:15 ET with a total of 87.3M, confirming the strong upward move. However, volume has since declined, with a noticeable divergence from the price action in the last six hours. Notional turnover also dropped, reflecting reduced conviction in the downward move. This could suggest a potential reversal or consolidation phase, though the overall trend remains bearish.

Fibonacci Retracements

On the 15-minute chart, the most recent swing high (0.03074) and low (0.0201) show price currently at approximately 38.2% retracement. A break below the 23.6% level (0.0234) could extend the move to 0.0214, a key support. On the daily chart, the 61.8% retracement level at 0.0225 has been repeatedly tested but not yet broken, indicating its significance.

Backtest Hypothesis

The initial attempt to retrieve RSI data for DUSDT encountered an issue due to a formatting or symbol recognition error. To proceed with backtesting, it is essential to confirm the exact ticker symbol and preferred price series (e.g., closing prices are typically the default). Once corrected, the strategy could be benchmarked against the HOLD.P – Harbor Alpha Layering ETF for comparative analysis. This step is crucial to ensure accurate and relevant performance metrics.