Market Overview for DAR Open Network/Tether (DUSDT) on 2025-09-24

• DUSDT formed a bullish recovery from a midday low of $0.03021 to a 24-hour high of $0.03184, closing near the upper end of the range.
• RSI suggests overbought conditions at the close, indicating potential for near-term pullback.
• Volume spiked during the afternoon session as the pair reversed higher, confirming bullish momentum.
• Price remained within the upper Bollinger Band for much of the session, signaling strong conviction.
• Key resistance appears to form near $0.0316–0.0318, with support likely around $0.0311–0.0313.

DAR Open Network/Tether (DUSDT) opened at $0.03097 on 2025-09-23 12:00 ET and closed at $0.03141 on 2025-09-24 12:00 ET. The pair reached a high of $0.03184 and a low of $0.03021 during the 24-hour period. Total volume amounted to 7,448,719 units, while notional turnover reached $231,608.

The price action displayed a textbook V-shaped recovery following a sharp dip in the early afternoon. By midday, DUSDT was trading below $0.0304, but a strong buying wave emerged, driving the price up to $0.03184 by late morning of 2025-09-24. This rally appears to have been driven by volume surges, especially between 04:00–05:00 and 11:00–12:00 ET, where the pair reversed sharply higher. Notably, the price closed near the upper Bollinger Band, which suggests strong conviction, and RSI reached overbought territory at the end of the session, pointing to a potential consolidation phase or pullback in the near term.

Structure & Formations

Key support levels emerged at $0.0311–0.0313 and $0.0309–0.0310, with the latter serving as a short-term floor during the early recovery phase. Resistance levels appear to congregate near $0.0316–0.0318, where the price briefly touched but failed to maintain. A bullish engulfing pattern emerged in the early morning hours of 2025-09-24, confirming the reversal in sentiment. However, the pair also showed signs of indecision near the close, with a bearish harami forming as volume waned.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA during the early morning hours, signaling a bullish crossover. This was confirmed by a strong rally in the subsequent candle. However, by the close, the 20-period MA had begun to flatten, suggesting the momentum may be tapering off. On the daily chart, the 50-period MA is positioned slightly below the 200-period MA, indicating that the trend remains neutral to slightly bullish in the longer term.

MACD & RSI

The MACD crossed above the signal line in the early morning hours, aligning with the bullish crossover on the 20-period MA and the candlestick confirmation. The histogram showed expanding bullish momentum through the midday, peaking just before the session close. RSI reached overbought territory around 90 at the end of the session, suggesting that a short-term correction or consolidation phase could be imminent. Traders should monitor RSI behavior closely to gauge potential pullback levels.

Bollinger Bands

Volatility expanded significantly in the early afternoon as the price dropped below the lower band, followed by a sharp contraction during the afternoon and evening. As the pair rallied, it remained near the upper band for most of the session, indicating strong buying interest. The narrow bands earlier in the day may have created a false sense of consolidation before the explosive move higher.

Volume & Turnover

Volume spiked to over 700k during the 04:00–05:00 ET time frame and again in the 11:00–12:00 ET window, confirming the bullish move. Notional turnover also increased during these periods, aligning with price action and reinforcing the strength of the rally. However, in the final hour, volume and turnover began to decline, suggesting a potential pause in momentum as the price approached overbought levels.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from $0.03021 to $0.03184, the key retracement levels are $0.03108 (61.8%) and $0.03098 (38.2%). The price showed signs of testing these levels before reversing higher, suggesting they acted as strong support. On the daily chart, retracement levels for the larger swing remain supportive at $0.0315 and $0.0310.

Backtest Hypothesis

Given the structure of the move—starting from a low, forming a bullish engulfing pattern, and reversing with strong volume—the strategy could focus on a breakout setup with a stop-loss just below a key Fibonacci level (e.g., $0.03098) and a target near $0.0316–0.0318. This would align with the recent momentum and could be backtested for profitability in a similar market environment. A trailing stop could also be applied after the price consolidates above $0.0313, allowing for potential upside if the trend continues.

Looking ahead, DUSDT appears poised to either consolidate or break out above $0.0316, depending on whether the overbought RSI level holds. Traders should monitor volume dynamics closely for confirmation of the next move. However, risks remain due to potential profit-taking or short-term corrections following the recent sharp move.