Market Overview for DAR Open Network/Tether (DUSDT): 2025-09-22

• Price dropped 8.1% on heavy volume after breaking below a key support level at $0.0334
• Volatility surged as price gapped down to a 24-hour low of $0.03054, signaling potential bearish momentum
• RSI reached oversold territory near 25, suggesting possible short-term bounce but not a reversal
• Bollinger Bands showed a sharp expansion, reflecting heightened market uncertainty
• Large-volume bearish engulfing patterns emerged during the early hours of the trading day

DAR Open Network/Tether (DUSDT) opened at $0.03588 on 2025-09-21 at 12:00 ET and closed at $0.03126 on 2025-09-22 at 12:00 ET, reaching a high of $0.03602 and a low of $0.03054. The 24-hour trading period saw a total volume of 34,005,670.0 tokens and a notional turnover of $1,063,814.59.

Structure & Formations

The candlestick structure over the past 24 hours shows a bearish continuation with multiple bearish engulfing patterns and a large bearish gap opening below $0.0334. A key resistance level appears to be forming at $0.0338, which was breached during the overnight session. A support area is now consolidating around $0.0309–$0.0312, with a potential for a temporary bounce. A doji formed at $0.03126 near the 12:00 ET close, hinting at indecision and possible short-term volatility.

Moving Averages & MACD/RSI

On the 15-minute chart, the 20-period and 50-period moving averages are both in a steep downward trend, confirming the bearish momentum. The MACD line crossed below the signal line early in the morning, forming a bearish crossover. RSI has entered oversold territory at 24.5, suggesting a potential short-term rebound. However, without a strong reversal candle, it may not signal a reversal.

Bollinger Bands & Fibonacci Retracements

Bollinger Bands showed a clear expansion following the sharp drop to $0.03054, with the price now near the lower band. The 61.8% Fibonacci retracement level from the high of $0.03602 sits at $0.0318, which could serve as a critical psychological level for traders. A failure to hold above this level could drive further downside into the 78.6% retracement at $0.0305. Volatility appears to be at its peak, with no clear signs of a contraction yet.

Volume & Turnover Analysis

Volume and turnover spiked dramatically during the early morning session, with the largest single 15-minute candle (at 06:15 ET) seeing a volume of 5,361,111 and a turnover of $177,684. This massive volume confirmed a breakdown below critical support. However, volume has since tailed off, suggesting potential exhaustion of the current bearish move. Divergence between price and volume is not currently present, but traders should monitor the next few candles for confirmation or failure of the current trend.

Backtest Hypothesis

The backtest strategy focuses on identifying bearish engulfing patterns and a breakdown below a key support level (confirmed by volume and RSI divergence) to trigger a short trade. Stops would be placed above the engulfing pattern high, with targets aligned to the 61.8% and 78.6% Fibonacci levels. Given the current setup and the presence of a strong bearish signal, this strategy appears well-aligned with the recent price action and could offer a favorable risk-reward ratio over the next 24–48 hours.