Market Overview for DAR Open Network/Tether (DUSDT) on 2025-10-24

• Price declined 0.8% over 24 hours as DUSDT fell below critical support at 0.02300.
• Volume surged 12x above average in the 04:30–06:30 ET window, signaling heightened interest.
• A bearish engulfing pattern formed at 0.02301–0.02293 after a 1.5% rally.
• Volatility expanded as Bollinger Bands widened by 12%, suggesting increased uncertainty.
• Turnover dipped after 14:00 ET despite rising price, hinting at potential exhaustion.

At 12:00 ET–1 on 2025-10-23, DUSDT opened at 0.02301 and reached a high of 0.02328 before closing at 0.02291 at 12:00 ET. The 24-hour period recorded a total volume of 6,826,640 and turnover of $158,308. Price action shows a broad consolidation phase after a sharp intraday reversal.

Structure & Formations

Price found temporary resistance at 0.02310–0.02316 before retreating below the 0.02300 psychological level. A key bearish engulfing pattern formed around 0.02301–0.02293, reinforcing the likelihood of a continued slide. The 0.02290–0.02293 range appears to offer short-term support, but failure to hold here could extend the decline toward 0.02270–0.02280. A doji at 0.02300–0.02297 highlights indecision among buyers.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart have diverged, with price failing to close above the 50SMA since 05:30 ET. On the daily chart, the 200SMA at 0.02285 acts as a critical reference level. Price has not crossed above the 50DMA in the past 48 hours, suggesting a bearish bias remains intact for now.

MACD & RSI

The MACD histogram has contracted into negative territory, with the signal line cutting below the zero line at 06:00 ET. RSI remains in mid-range territory around 48–52, with no clear overbought or oversold signals. However, the divergence between the RSI and price action in the 04:30–06:30 ET window suggests weakening bullish momentum.

Bollinger Bands

Volatility expanded sharply in the early morning hours, with Bollinger Bands widening by approximately 12%. Price spent most of the session below the 20-period lower band, reinforcing the bearish tone. A contraction is observed post-11:00 ET, suggesting potential for a rebound, but without a clear break above the middle band, the range-bound bias remains.

Volume & Turnover

Volume spiked 12x above the average 15-minute level in the 04:30–06:30 ET window, aligning with the sharp intraday rally from 0.02275 to 0.02340. However, turnover failed to confirm the strength, with notional value dipping after 14:00 ET despite a minor price increase. This divergence hints at a lack of conviction among buyers.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute swing from 0.02275 to 0.02340, price has found resistance at the 61.8% retrace level of 0.02310. The 38.2% retrace level at 0.02300–0.02295 appears to act as a key pivot. If DUSDT breaks below 0.02293, the next support zone lies at 0.02280 (50% retrace).

Backtest Hypothesis

The current technical environment highlights a potential need for reliable RSI-based signals to validate overbought or oversold conditions for DUSDT. Given the absence of 14-day RSI data for the symbol, the observed divergence in momentum and volume suggests that incorporating RSI-based triggers could offer a clearer framework for timing entries and exits. A proxy symbol—such as USDT-USD on a major exchange—may allow for a more robust backtest. Once confirmed, a 1-day-hold strategy based on RSI thresholds could be evaluated for its performance from 2022-01-01 to the present.