DIA/Tether Market Overview: 24-Hour Analysis for 2025-10-11

• DIA/Tether (DIAUSDT) experienced a deep 24-hour drop, falling from $0.5181 to $0.4153, a decline of ~20%.
• Price formed a strong bearish trend from 19:30 ET with a massive volume spike of 1,011,845.9.
• Volatility expanded significantly during the early evening, with Bollinger Bands widening.
• RSI hit oversold territory near 20, suggesting potential for a short-term rebound.
• Volume surged during the selloff but appears to have peaked, indicating waning bear pressure.

DIA/Tether (DIAUSDT) opened at $0.5126 on 2025-10-10 at 12:00 ET and fell to a low of $0.21 before closing at $0.4153 on 2025-10-11 at 12:00 ET. The 24-hour period saw a high of $0.5181 and a low of $0.21. Total volume reached 8,673,776.5, while notional turnover amounted to $2,696,357.6.

The price action over the last 24 hours indicates a sharp bearish trend, particularly after 19:30 ET, when a massive 15-minute candle with a volume of 1,011,845.9 drove the price down to $0.2498. This candle, which closed at $0.2498, marked a significant bearish reversal. Key support levels emerged around $0.34–$0.35 and $0.25, where the price bounced multiple times. Resistance levels are seen at $0.42–$0.43 and $0.47–$0.48. A doji formed at $0.3631–$0.3651, signaling indecision.

Moving averages on the 15-minute chart show that price has remained below the 20- and 50-period MAs, reinforcing the bearish bias. The daily chart shows a broader bearish trend, with price well below the 50-, 100-, and 200-day MAs, suggesting that the downtrend is well-established.

MACD remains negative, with the line below the signal line and diverging downward, indicating continued bearish momentum. RSI has dropped to the oversold zone, below 20, which may suggest a near-term bounce, though it may not confirm a trend reversal. Bollinger Bands show increased volatility, with the price breaking below the lower band multiple times, confirming extreme bearish conditions.

Volume spiked during the early part of the drop but has since declined, indicating a potential exhaustion of the selling pressure. Notional turnover also saw a large spike during the 19:30 ET candle but has not followed suit, suggesting that the price drop was rapid but not necessarily backed by sustained bearish conviction.

Fibonacci retracement levels on the recent swing from $0.5181 to $0.21 show potential support at the 61.8% level (~$0.34) and the 78.6% level (~$0.28). On the 15-minute chart, a pullback to the 38.2% level (~$0.37) could offer a short-term opportunity for buyers, though the broader bearish trend remains intact.

The backtest hypothesis for DIA/Tether involves a breakout strategy based on the 15-minute chart. The setup would enter long positions on a close above the 50-period MA with confirmation from RSI and volume. Conversely, short positions would be triggered on a close below the 20-period MA, particularly when RSI drops below 30 and volume surges. This strategy would be tested with a stop-loss at the nearest support level and a take-profit at the nearest Fibonacci resistance. The recent 19:30 ET candle may serve as a backtest case, where a short triggered on the bearish breakout would have captured the bulk of the downward move.