Market Overview for DAR Open Network/Tether (DUSDT) – 2025-09-19

• DUSDT traded in a tight range on 24 hours, closing slightly below the opening with a high of $0.03688 and a low of $0.03438.
• The RSI entered oversold territory in the late hours, signaling potential near-term buying pressure.
• Bollinger Bands showed a moderate expansion, indicating increased volatility toward the close.
• Volume spiked during the sharp decline from $0.03688 to $0.03547, but failed to confirm a strong bearish move.
• A bearish engulfing pattern emerged near $0.03661, hinting at further downward bias in the near term.

DAR Open Network/Tether (DUSDT) opened at $0.03643 on 2025-09-18 at 12:00 ET, reached a high of $0.03688, a low of $0.03438, and closed at $0.0349 at 12:00 ET on 2025-09-19. Total volume traded over the 24-hour period was 14,896,840 tokens, with a notional turnover of approximately $523,316, calculated using mid-price estimates.

On the 15-minute chart, DUSDT displayed a relatively sideways bias in the early part of the day, with a gradual bearish drift taking hold after 22:00 ET. Key support levels were observed near $0.0362–0.0364 and $0.0355–0.0358, with the latter acting as a strong pivot zone in the late hours. A bearish engulfing pattern formed at $0.03661, suggesting further bearish momentum could be in play. Resistance emerged at $0.0366–0.0368, with the 50-period moving average providing a dynamic ceiling in the early evening. The price closed below both the 20 and 50-period moving averages, indicating a short-term bearish bias.

The 15-minute RSI entered oversold territory below 30 in the final three hours, hinting at potential short-covering or a rebound. However, this did not translate into a sustained reversal, and the momentum failed to break above the 50-period line. MACD remained bearish, with the histogram shrinking slightly in the last candle period, suggesting a temporary pause in the downtrend but not a reversal. Bollinger Bands showed a moderate expansion in the final hours, with price staying near the lower band, indicating increased volatility and heightened bearish pressure. Notably, the price closed at $0.0349, below the 20-period moving average and close to the 0.618 Fibonacci retracement level from the morning high.

Volume spiked significantly during the sharp drop from $0.03688 to $0.03547, reaching a peak of 761,788 tokens in that 15-minute window. However, the subsequent rally failed to generate corresponding volume, indicating a divergence between price and volume, which could be bearish for the near term. The price action and volume profile suggest that sellers have been in control during the session’s most volatile period, with buyers stepping in only in limited fashion. As for the forward outlook, the next 24 hours could see continued consolidation or a test of the $0.0345–0.0350 support range, with a risk of a follow-through sell-off if key levels break.

A bearish engulfing pattern formed at $0.03661, suggesting a possible short-term continuation of the downtrend. Additionally, the price closed near the 0.618 Fibonacci retracement level from the morning high, reinforcing the bearish bias. The 15-minute RSI entering oversold territory could hint at short-term buying pressure, but without a strong volume confirmation, this may only translate into a shallow pullback. Traders may watch for a break below the $0.0345–0.0350 support zone to confirm a more extended bearish move. The overall bias remains bearish for the next 24 hours, with risks skewed to the downside.

Backtest Hypothesis

A potential backtesting strategy could be built on the bearish engulfing pattern and the RSI entering oversold territory. The strategy would involve entering a short position at the close of the bearish engulfing candle, with a stop-loss placed above the high of the engulfing candle and a target near the 0.618 Fibonacci level. A secondary long entry could be considered if the RSI shows a sharp rebound and volume spikes, but this would require a separate filtering mechanism to avoid false signals. Using a 15-minute time frame, this pattern and setup could be tested over multiple daily sessions to evaluate win rate, risk-reward ratio, and overall profitability. The bearish bias observed in the MACD and moving average structure would support the short side, while the divergence in volume may caution against overcommitting to a long setup.