Market Overview for DAR Open Network/Tether (DUSDT) - 2025-09-23

• DUSDT traded in a tight range for most of the session before declining sharply in the overnight hours.
• A bearish breakout from a consolidation pattern is evident, with key support tested near 0.0305.
• Volume surged during the drop, confirming bearish momentum and diverging from earlier bullish price action.
• RSI dipped into oversold territory, suggesting a potential short-term bounce but not a reversal.
• Volatility expanded as Bollinger Bands widened, indicating increased uncertainty and price sensitivity.

DAR Open Network/Tether (DUSDT) opened at 0.03087 on 2025-09-22 12:00 ET and closed at 0.03071 on 2025-09-23 12:00 ET, with a high of 0.03121 and low of 0.03012. Total volume for the 24-hour period was 30,815,772.0, and notional turnover amounted to 943,468.48 USD.

Structure & Formations

Price action formed a descending triangle consolidation pattern early in the session, followed by a sharp breakdown below key support at 0.0306. A notable bearish engulfing pattern emerged overnight as price moved from 0.03056 to 0.03012 in a 90-minute period. A doji candle formed near 0.03017 at 2025-09-23 02:45 ET, signaling a potential short-term stall in the downtrend. Fibonacci retracement levels from the 0.03121 high to the 0.03012 low suggest 0.0306 (38.2%) and 0.0304 (61.8%) as key support levels.

Moving Averages

Short-term moving averages (20/50-period) on the 15-minute chart crossed bearishly into negative territory during the overnight decline, confirming the bearish momentum. On the daily chart, 50-period and 200-period moving averages are aligned lower, suggesting that DUSDT remains in a downtrend. Price is trading below all key moving averages, reinforcing the bearish bias for now.

MACD & RSI

The MACD line crossed below the signal line early in the morning, indicating a bearish crossover that aligned with the price drop. RSI dipped into oversold territory (below 30) by 06:00 ET and has since remained there, suggesting potential for a short-term bounce but not a reversal. The divergence between price and RSI during the overnight decline indicates that bears are in control, but momentum appears to be exhausting.

Bollinger Bands

Bollinger Bands expanded significantly during the overnight decline, with price moving below the lower band at one point. This expansion indicates a spike in volatility and suggests traders are reacting to external catalysts or sentiment shifts. Price remains near the lower band, which could either signal a potential bounce or a continuation of the downtrend depending on volume confirmation.

Volume & Turnover

Volume spiked during the breakdown below 0.0306, with heavy selling pressure evident in the 3–5 AM ET time frame. Notional turnover increased alongside price declines, confirming the bearish bias rather than showing divergence. The largest volume spike occurred at 05:30 ET, as price moved from 0.03046 to 0.03032 in a 15-minute period. This suggests strong conviction in the downward move and limited immediate support in the 0.0304–0.0305 range.

Fibonacci Retracements

Fibonacci levels drawn from the 0.03121 high to the 0.03012 low show that 0.0306 (38.2%) acted as resistance during the morning rebound, and 0.0304 (61.8%) is now in play as a potential support level. Price briefly tested 0.03055–0.03056 multiple times, suggesting a potential pivot point. Traders should watch for a rejection or breakdown from this level to determine the next directional move.

Backtest Hypothesis

The described backtesting strategy focuses on short-term mean reversion within a defined volatility range. Given the recent price action, a potential trade entry could be considered near the 0.0304–0.0306 range, with a stop-loss placed below 0.0302 to protect against a continuation of the downtrend. A take-profit target could be set near the 0.0307–0.0308 Fibonacci level, which acted as resistance earlier in the day. This setup aligns with the current market structure and volatility expansion, making it a viable short-term trade scenario for traders seeking to capitalize on potential rebounds within the larger downtrend.