Market Overview for dForce/Tether (DFUSDT)

Summary
• dForce/Tether (DFUSDT) formed a bullish engulfing pattern near 0.01040-0.01050 during overnight hours.
• Price tested and retested 0.01055 resistance three times, showing strong near-term demand.
• Volume surged by 380% in the last 4 hours, confirming a breakout attempt above 0.01075.
• RSI reached 62, indicating moderate momentum but not yet overbought.

Market Overview

dForce/Tether (DFUSDT) opened at 0.01044 at 12:00 ET-1 and reached a high of 0.01090 by 12:00 ET, with a low of 0.01038 and a close at 0.01087. Total 24-hour volume reached approximately 5,125,900, while notional turnover hit ~$54.97 million.

Structure & Formations

A bullish engulfing pattern emerged after a consolidation phase between 0.01040 and 0.01050. Price later retested 0.01055 resistance three times without breaking through before surging past 0.01075 on strong volume.

Moving Averages

On the 5-minute chart, price has spent much of the session above the 20-period and 50-period SMAs, indicating a short-term uptrend. The 50-period SMA is at ~0.01057 and appears to be providing dynamic support.

MACD & RSI

The 12/26 MACD crossed above zero during the late night surge, confirming bullish momentum. RSI climbed to 62 by the end of the session, signaling moderate strength without entering overbought territory.

Bollinger Bands

Volatility expanded as the pair broke out of a narrow range into the early morning. Price is now sitting just below the upper Bollinger Band at ~0.01090, suggesting continued upside potential.

Volume & Turnover

Volume spiked significantly in the 03:00–06:00 ET timeframe, with a 380% increase from early morning levels. Notional turnover aligned with this volume surge, indicating a genuine breakout rather than a false signal.

Fibonacci Retracements

A 38.2% retracement level at 0.01062 and a 61.8% level at 0.01081 were both tested and respected during the breakout phase, suggesting a healthy structure in the rally.

Looking ahead, the next 24 hours could see a test of the 0.01095–0.01100 level as the next psychological hurdle. Traders should monitor for any divergence in RSI or a breakdown of the 0.01075 support level as a cautionary signal.