DUSDT Market Overview: Divergence, Volatility, and Retracement Patterns

• Price surged to a 24-hour peak of $0.0369 before retracting to close near $0.0358
• Strong volume expansion seen during 5–7 AM ET, aligning with higher highs
• RSI approached overbought territory, suggesting potential short-term reversal risk
• Bollinger Bands widened, indicating rising volatility in the final hours

DAR Open Network/Tether (DUSDT) opened at $0.03496 on 2025-09-20 at 12:00 ET, surged to a high of $0.0379, dipped to a low of $0.03474, and closed at $0.03563 on 2025-09-21 at 12:00 ET. Total trading volume reached 28.88 million units, with a notional turnover of $1,035,141.

The 24-hour chart displayed a distinct bullish impulse in the early hours of 5–7 AM ET, where DUSDT pushed to a high of $0.0379, forming a strong green candle with a long upper wick. This suggested aggressive buying interest followed by profit-taking. A bearish engulfing pattern emerged shortly afterward, with a long red candle that closed at $0.03669, indicating a possible short-term top. Key resistance levels formed around $0.0368–0.0370, with support seen at $0.0356–0.0358.

The 50-period and 20-period moving averages on the 15-minute chart showed a bullish crossover at $0.0360, indicating strong momentum. However, as prices fell in the final hours, the 50-period MA began to cross below the 20-period MA, suggesting weakening bullish momentum. On the daily chart, the 50-period MA currently sits above the 100-period MA, supporting a medium-term bullish bias.

The RSI reached 72 at the peak, signaling overbought conditions, and has since fallen to 54, suggesting the market is stabilizing. MACD crossed above zero early in the session, confirming bullish momentum, but has since flattened and shows signs of a potential bearish crossover. Bollinger Bands expanded significantly during the peak hours, with price touching the upper band at $0.0379, indicating high volatility. Price currently sits near the lower band, suggesting a possible short-term pullback is in progress.

Volume spiked during the breakout to $0.0379, with over 7.44 million units traded in that 15-minute interval. Notional turnover also increased sharply, aligning with price action. However, after this peak, volume declined despite further price declines, suggesting weakening bearish conviction. A divergence between price and volume in the last 3 hours suggests that sellers may be running out of steam.

Fibonacci retracements drawn from the $0.03474 low to the $0.0379 high show key levels at 38.2% ($0.0362) and 61.8% ($0.0358). The 61.8% level currently coincides with the 12:00 ET close and appears to be offering support. This suggests a possible retracement to this level before any further bearish movement.

Backtest Hypothesis

A potential backtesting strategy could focus on leveraging the 15-minute bullish and bearish divergences observed in this session. A long entry could be triggered on a bullish engulfing pattern when RSI crosses above 50 and volume surges. A stop-loss could be placed below the low of the engulfing candle. A short entry could be considered when a bearish engulfing pattern forms, RSI crosses below 50, and volume confirms the reversal. A target could be set at the nearest Fibonacci retracement or moving average level. This strategy could be tested over the past 30 days to evaluate its consistency and adaptability to different volatility regimes.