Market Overview for DIA/Tether (DIAUSDT) as of 2025-10-09

• DIA/Tether declined 6.8% over the last 24 hours, closing at 0.5216 after opening at 0.5426.
• Price formed bearish engulfing patterns and tested key support levels in the 0.53–0.54 range.
• Volatility expanded, with RSI entering oversold territory and volume surging to $58.6 million.
• Bollinger Bands widened, reflecting heightened uncertainty and potential for further downside.

DIA/Tether (DIAUSDT) opened at 0.5426 on 2025-10-08 12:00 ET and closed at 0.5216 on 2025-10-09 12:00 ET, with a 24-hour high of 0.5499 and a low of 0.52. Total volume was 1,148,567.7 units, and notional turnover amounted to approximately $586,202.50. Price action revealed a bearish bias, with the asset falling into a declining channel amid strong selling pressure and key support levels becoming increasingly relevant.

Structure & Formations

Price formed a bearish engulfing pattern around 2025-1009 08:15–08:30 ET, confirming a breakdown from the 0.53–0.54 consolidation range. A doji emerged at 2025-1009 05:45–06:00 ET, signaling indecision following a rally attempt. The 0.52–0.53 level is now critical support, with a breakdown below 0.5171—61.8% of the recent swing—hinting at deeper bearish potential.

Moving Averages

On the 15-minute chart, price is below both the 20-EMA and 50-EMA, confirming a short-term downtrend. On the daily chart, DIAUSDT is below the 50-EMA, 100-EMA, and 200-EMA, indicating a long-term bearish bias.

MACD & RSI

MACD turned negative and is below the signal line, reflecting weakening momentum. RSI has entered oversold territory, but without a clear reversal pattern, this may signal a continuation of the downtrend.

Bollinger Bands

Bollinger Bands have expanded significantly, indicating rising volatility. Price is now trading near the lower band, suggesting a high-probability continuation of the sell-off or a potential bounce from oversold levels.

Volume & Turnover

Volume surged to over 70,000 units during the 2025-1009 14:15–14:30 ET breakdown, with notional turnover reaching $37,784.50. The divergence between volume and price—particularly during the 2025-1009 02:30–02:45 ET rally—suggests weak conviction in any upward move.

Fibonacci Retracements

Applying 61.8% Fibonacci retracement to the 0.5499–0.52 swing points to a potential target of 0.5171. The 38.2% level at 0.5317 appears to be offering minor resistance to bearish momentum.

Backtest Hypothesis

The described strategy involves entering short positions when price breaks below the 61.8% Fibonacci level and RSI is in oversold territory, using the 20-EMA as a stop-loss. This aligns with today’s price behavior, particularly the breakdown below 0.53 and the RSI entering oversold levels. A stop-loss near the 20-EMA at 0.535–0.54 would have limited risk while targeting further support at 0.5171.