Market Overview for DAR Open Network/Tether (DUSDT)

Summary
• Price moved between 0.01327 and 0.01368, closing near the upper Bollinger Band at 0.0136.
• RSI hovered around 58–62, suggesting moderate bullish momentum without overbought conditions.
• Volume spiked after 21:00 ET and again before 09:00 ET, coinciding with key resistance breaks.
• A bullish engulfing pattern formed around 17:00–17:30 ET, followed by consolidation.
• Turnover diverged from price late in the day, indicating potential profit-taking.

Market Overview

DAR Open Network/Tether (DUSDT) opened at 0.01337 (12:00 ET − 1), reached a high of 0.01368, and a low of 0.01312 before closing at 0.0136 at 12:00 ET. The 24-hour volume was 15,094,104.0 and notional turnover totaled 199,210.45 USD.

Structure & Formations

Price action showed a notable bullish engulfing pattern in the early session, followed by a sharp selloff breaking below key support at 0.0133. A subsequent rebound toward 0.01368 saw strong participation but failed to confirm a breakout, forming a potential topping pattern. The 0.0136 level appears to act as a short-term resistance, with 0.0134–0.0135 offering immediate support.

Moving Averages

On the 5-minute chart, price moved above both the 20 and 50 EMA after 19:00 ET, indicating short-term bullish bias, but later dipped below the 50 EMA after 04:00 ET. Daily moving averages suggest a neutral bias, with no clear directional bias from the 50/100/200 SMA lines.

Momentum & Oscillators

The RSI fluctuated between 58 and 62, suggesting moderate bullish momentum without overbought conditions. MACD remained flat, with the line crossing above the signal line briefly during the morning rebound, indicating temporary strength.

Volatility and Bollinger Bands

Volatility expanded during the overnight hours, with price consistently sitting near or above the upper Bollinger Band during the 21:00–09:00 ET window. A contraction phase followed after 11:00 ET, suggesting potential for a directional breakout.

Volume and Turnover

Volume spiked sharply at 18:00 ET during a sharp drop to 0.01314 and again at 21:00 ET and 08:00–09:00 ET, during key moves toward resistance levels. Turnover diverged from price late in the day, indicating possible profit-taking or reduced conviction.

Looking ahead, DUSDT may test the 0.01368 resistance level again if bulls regain control, but a pullback to 0.0134–0.0135 could signal indecision. Traders should remain cautious as volatility remains elevated and divergences suggest shifting momentum.