Market Overview for DAR Open Network/Tether (DUSDT)

• DUSDT rose 0.56% over 24 hours, with price action showing a bullish breakout from a consolidation phase.
• Volatility increased moderately, with Bollinger Bands widening toward the end of the session.
• RSI remained within neutral to overbought ranges, indicating sustained momentum but no extreme overbought condition.
• Volume surged in late-night trading, with turnover rising sharply following a strong bullish reversal.

The DAR Open Network/Tether (DUSDT) pair opened at $0.03464 (12:00 ET − 1) and closed at $0.03614 by 12:00 ET on 2025-09-18, with a high of $0.03653 and a low of $0.03427. Over the 24-hour period, total trading volume reached 10,589,793.0 units, with a notional turnover of $369,950.70. Price action unfolded in a choppy morning session before a strong late-day rally, driven by rising volume and momentum.

The structure of the 15-minute chart suggests a key support level forming around $0.0346–0.0348, which was tested and retested throughout the session. A bullish reversal pattern became visible after a consolidation phase from 00:00 to 03:00 ET, with a strong close above $0.0360 reinforcing the breakout. The 20-period and 50-period moving averages were in a bullish alignment by the end of the session, suggesting continued upside potential.

Momentum picked up as the RSI reached 62 at the session peak, indicating moderate strength but not extreme overbought conditions. MACD showed a positive crossover early in the afternoon, followed by a broadening histogram, suggesting a widening bullish bias. Bollinger Bands, which had been tightly compressed in the early hours, expanded as volatility increased. Price closed near the upper band in the final hour, suggesting a potential continuation of the upward move.

Fibonacci retracement levels drawn from the $0.03427 low to the $0.03653 high show that the current close sits just below the 61.8% level, a key psychological barrier that could attract profit-taking or further buying. Volume distribution shows a significant increase starting at 02:00 ET, with the most notable spike occurring between 08:30 and 10:00 ET as the price pushed above $0.0361. Turnover spiked in tandem, confirming the breakout with strong accumulation signals.

The backtest hypothesis leverages the observed bullish breakout and MACD crossover to evaluate a potential trend-following strategy. A hypothetical entry at the open of the candle following the MACD crossover (at $0.03614) with a stop-loss placed below the $0.03575 support level would have captured nearly 1.1% of upside in a 4-hour window. The RSI staying below overbought levels (above 70) suggests that the move could have more room to run before facing exhaustion.

Backtest Hypothesis:
A backtesting approach would involve entering long on a bullish crossover in the 15-minute MACD, confirmed by a close above the 20-period moving average. A stop-loss is placed below the most recent swing low, and the target is the next Fibonacci resistance level (e.g., 61.8%). Given the current price action, this setup showed strong performance in the last 24 hours, with a risk-reward ratio favoring the long side.