Market Overview for DAR Open Network/Tether (DUSDT) – 2025-10-06

• • DUSDT fell 0.35% in 24 hours, closing at 0.03218 after a bearish bias emerged from 0.03226 highs.
• • RSI declined into oversold territory, suggesting potential near-term stabilization or a rebound.
• • Volume remained moderate, but turnover was skewed toward bearish sessions between 20:00–22:00 ET.
• • Key support at 0.03155 held, with resistance now at 0.03203, where multiple rejections occurred.
• • Bollinger Bands tightened mid-day, signaling a possible breakout or continuation of consolidation.

DAR Open Network/Tether (DUSDT) opened at 0.03209 on 2025-10-05 at 12:00 ET, reached a high of 0.03226, and closed at 0.03218 on 2025-10-06 at 12:00 ET. Total volume amounted to 12,054,830, while notional turnover totaled $384,781. Price action shows a bearish trend with a recent bounce, but downward momentum remains strong.

Structure & Formations

Price action for DUSDT displayed multiple rejection points at key resistance levels, most notably at 0.03203 and 0.03214, where bearish continuation patterns (e.g., dark cloud cover, bearish harami) were observed. A critical support level at 0.03155–0.03162 held through the session, preventing a deeper pullback. A potential bullish engulfing pattern formed near 0.03155 during the early morning hours, but it lacked follow-through. The 15-minute chart showed a bearish bias, with a series of lower highs and lower lows confirming the downward drift.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in bearish alignment, with price consistently trading below both. On the daily chart, the 50, 100, and 200-period MAs are converging at 0.03180–0.03195, which could act as a dynamic support/resistance zone in the near term. This confluence may determine whether the current bearish trend accelerates or stabilizes.

MACD & RSI

The MACD indicator showed bearish divergence in the late afternoon session, with price making lower highs while the MACD histogram failed to confirm the decline. RSI has fallen into the oversold region (30–35) and may prompt a short-term bounce. However, this does not necessarily invalidate the longer-term bearish bias. Traders should watch for a closing RSI above 40 to confirm a potential reversal or a bearish rebound attempt.

Bollinger Bands

Bollinger Bands on the 15-minute chart showed a tight contraction during the overnight session, which may indicate a period of low volatility ahead of a breakout or breakdown. Price has since broken out of the lower band, confirming a bearish breakout. The recent move below the 2σ lower band suggests increased volatility and a continuation of the bearish momentum.

Volume & Turnover

Volume spiked during the late-night hours (20:00–22:00 ET), particularly between 0.03102 and 0.03123, where a sharp decline in price occurred. Notional turnover was higher during bearish sessions, aligning with price action. However, volume during the bullish bounce near 0.03155 was relatively weak, suggesting limited conviction in the reversal attempt. Divergence between price and volume could indicate a potential false break or continuation of the bearish trend.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute move from 0.03226 to 0.03155, key levels at 0.03191 (23.6%), 0.03173 (38.2%), and 0.03163 (61.8%) were all tested. Price found support at 0.03155 (78.6%), confirming a potential consolidation level. The 61.8% level (0.03163) is likely a critical area for near-term buyers to watch, as a break above could spark a counter-trend rally.

Backtest Hypothesis

A potential backtest strategy could involve a mean reversion approach, using Bollinger Bands and RSI as entry filters. Traders could look to enter long positions when price closes above the 61.8% Fibonacci level (0.03163) and RSI crosses above 40, while using the 20-period moving average as a dynamic stop-loss. Alternatively, a short bias may be considered if price fails to retest 0.03163 and RSI remains in oversold conditions without a convincing rebound. This approach would align with the observed bearish structure and technical indicators, offering a data-driven, risk-managed approach to navigating the current price environment.