Market Overview for Dash/Tether (DASHUSDT): 2025-09-18

• Dash/Tether (DASHUSDT) rose by ~4.4% in 24 hours, reaching $24.30 at 12:00 ET.
• Strong buying pressure emerged in the early hours of 9/18, pushing price past 24.00.
• Volatility expanded significantly with a 25-cent range, confirming a breakout pattern.
• RSI crossed above 55, suggesting moderate bullish momentum.
• A key support at 23.94 held, but volume divergence warned of potential pullback.

DASHUSDT opened at $23.33 on 2025-09-17 12:00 ET and closed at $24.30 by 2025-09-18 12:00 ET, reaching a high of $25.00 and a low of $23.20. The 24-hour trading volume totaled 81,817.06 units, with a notional turnover of $1,996,868.23. The pair has shown a clear short-term bullish bias, driven by a breakout above key resistance and increasing participation.

Structure & Formations

Price formed a textbook ascending triangle breakout pattern from $23.20 to $24.08, breaking above the upper resistance at $24.08 on a strong-volume candle at 06:00 ET. The engulfing bullish pattern at $24.08 confirmed the breakout. Subsequent consolidation around $24.14–24.35 showed a bullish flag formation, with a potential target near $24.60. A critical support level is now forming at $24.00, with a bearish engulfing pattern appearing in the 05:45–06:00 time window.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed above $24.10, supporting the bullish trend. The 50SMA is currently at $24.18, while the 100DMA and 200DMA on the daily chart are below the current price, indicating a short-term bullish divergence from medium-term averages.

MACD & RSI

The MACD turned positive at 06:00 ET and has remained in bullish territory with a strong histogram. RSI reached 60.5 at the 12-hour mark, indicating moderate bullish momentum, but has not yet entered overbought territory. A RSI divergence was noted in the late-night pullback (02:30–04:00), hinting at potential consolidation ahead.

Bollinger Bands

Volatility expanded significantly after the 06:00 ET breakout, with the Bollinger Band width reaching a high of 0.46%. Price has remained above the 20-period upper band for over six hours, suggesting a high volatility breakout pattern. A contraction phase is likely in the near term as the move consolidates.

Volume & Turnover

Volume spiked to $14,910,634 at 06:00 ET during the breakout candle, confirming strong buyer participation. Turnover also surged at that time, with a total 24-hour notional volume of $1,996,868.23. However, volume during the consolidation phase has been relatively light, suggesting potential exhaustion in the current rally. A divergence between price and turnover was noted in the late 9/17 sell-off, which could foreshadow a correction.

Fibonacci Retracements

The most recent swing from $23.20 to $25.00 shows a 38.2% retrace at $24.35, aligning with the current consolidation level. The 61.8% retrace at $24.14 is acting as immediate support. A potential test of the 23.6% level at $24.70 could occur if the trend extends.

Backtest Hypothesis

A 15-minute breakout strategy that targets the ascending triangle pattern and bullish engulfing candle on the hourly chart could be backtested using the breakout at 06:00 ET as a signal. A stop-loss could be placed below the 24.00 support, with a target at 24.60 or the 1:1 extension of the initial rally. This setup would align with the MACD and RSI signals, making it a robust short-term trade idea.