Market Overview for dYdX/Tether (DYDXUSDT) on 2025-10-26

• dYdX/Tether (DYDXUSDT) closed near its high after a 24-hour range of ~0.31% with increased volume late in the session.
• Price tested and bounced off 0.3355–0.3370 support and pushed higher during overnight hours.
• Volume spiked above 100,000 on key breakouts, confirming bullish momentum.
• RSI showed moderate strength with no overbought/oversold extremes, indicating balanced momentum.
• Bollinger Bands widened overnight, reflecting increased volatility and a breakout pattern.

24-Hour Summary

dYdX/Tether (DYDXUSDT) opened at 0.3347 on 2025-10-25 at 12:00 ET, reaching a high of 0.3521 and a low of 0.3339 before closing at 0.3517 as of 12:00 ET on 2025-10-26. Total traded volume for the 24-hour period was 2,589,964.06 units, with notional turnover of ~$857,643. The pair showed a strong bullish bias during the overnight Asian and European sessions, with a breakout above key resistance levels.

Structure and Formations

Price action on the 15-minute chart displayed a strong bullish structure, with a key support level forming around 0.3355–0.3370. A bullish breakout above 0.3400 confirmed strength, and a strong engulfing pattern formed at 0.3380–0.3401 on 2025-10-26, 07:30–08:45 ET. The pair then pushed further, forming a higher high at 0.3517 by the close, suggesting a continuation of the bullish trend.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed in a bullish divergence early on October 26, confirming upward momentum. The 20SMA at 0.3402 and the 50SMA at 0.3396 were both crossed by price during the breakout, reinforcing the bullish bias. On a daily timeframe, the 50DMA and 200DMA are not yet fully aligned, but the 100DMA at 0.3395 acted as support earlier in the session.

MACD and RSI

MACD showed a strong bullish crossover and increasing positive histogram during the overnight hours, aligning with the price breakout. RSI moved into the 55–65 range, indicating moderate strength without reaching overbought territory. This suggests that while momentum is strong, there is still room for the pair to move higher before cautionary signals are triggered.

Bollinger Bands and Volatility

Bollinger Bands expanded significantly overnight, with price pushing above the upper band after 07:00 ET. This widening suggests increasing volatility and a potential continuation of the bullish trend. Price has spent most of the session above the middle band, indicating that the short-term bias remains to the upside.

Volume and Turnover

Volume surged above 100,000 on several occasions during the breakout and consolidation phases, confirming institutional interest. A large volume spike occurred at 08:15–08:30 ET during the breakout above 0.3400. Notional turnover increased in tandem, showing strong conviction from large buyers. Divergences were not observed, suggesting that price and volume are aligned in a bullish manner.

Fibonacci Retracements

On a 15-minute timeframe, the 0.3355–0.3370 support area coincided with the 38.2% Fibonacci level of the prior 15-minute swing. Price held above this level and tested the 61.8% retracement at 0.3420, which was breached during the late overnight surge. On the daily chart, the 0.3370–0.3400 level appears as a key psychological barrier that has been repeatedly tested and broken in recent days.

Backtest Hypothesis

Given the strong momentum observed in the RSI and MACD indicators over the past 24 hours, a potential backtesting strategy could be constructed using RSI(14) and a 20-day moving average. The strategy would look for long entries when RSI crosses above 70 (overbought) and exit when price closes below the 20-day SMA. This approach would be ideal for capturing short-to-medium-term bullish impulses, particularly in an asset like dYdX/Tether, which has shown consistent volatility and strong trend-following behavior.