DAR Open Network/Tether (DUSDT) Market Overview: 2025-10-11

• Price dropped to 0.02602 before rebounding to close near 0.02231
• High volatility observed in early session with 12.1% price swing
• Volume surged to 6.5M at 19:30 ET before tapering off
• RSI moved into oversold territory but failed to trigger a strong reversal
• Bollinger Bands show price consolidating in lower half of range

The DAR Open Network/Tether (DUSDT) pair opened at 0.03011 on 2025-10-10 and closed at 0.02231 by 12:00 ET on 2025-10-11. The 24-hour range spanned 0.0304 to 0.02602, with total volume of ~100.2 million contracts and turnover of ~$2.25 million. The price action exhibited sharp bearish momentum in the early ET hours, followed by a consolidation phase in the final hours.

Structure & Formations

Price action formed a bearish engulfing pattern at 19:30 ET as it fell from 0.02929 to 0.02878. A deep 13.3% drop in that candle signaled strong bearish sentiment. Later, a doji appeared at 21:30 ET as the price stabilized near 0.02144. A key support level at ~0.0215–0.0217 became evident in the late ET and early morning hours, as multiple candles bounced off this range. Resistance emerged at ~0.0224–0.0225, where price stalled for the final 4–5 hours.

Moving Averages

Short-term 15-minute moving averages (20/50) showed a bearish crossover during the 19:30–20:00 ET window, reinforcing the downward momentum. Daily averages (50/100/200) remain out of scope due to the high-frequency data, but the 15-minute MAs suggest a likely continuation of the bearish trend unless the price breaks above the 0.0225–0.0226 cluster, which would indicate a potential short-term reversal.

MACD & RSI

The MACD crossed below the zero line at ~19:45 ET and remained negative for most of the session, confirming bearish momentum. The RSI hit oversold levels (~28) by 01:00 ET but failed to generate a strong bullish signal, suggesting limited buying interest. While the RSI slightly rebounded to ~35 by 10:00 ET, it remains below neutral territory, indicating ongoing bearish control.

Bollinger Bands

Volatility expanded significantly during the 19:30–21:30 ET window, with the upper band rising to 0.0290 and the lower band falling to 0.0210. Price settled near the lower Bollinger Band for much of the session, remaining below the 20-period average. This suggests bearish pressure and limited volatility in the final hours.

Volume & Turnover

Volume spiked to 6.5M at 19:30 ET during the sharp sell-off but declined to ~0.3M by the final 30-minute candle. Notional turnover mirrored this pattern, confirming the bearish move. However, volume during the final 4 hours remained above 0.5M, indicating ongoing participation and potential for further downside pressure if the 0.0215–0.0217 support fails.

Fibonacci Retracements

Applying Fibonacci retracements to the key 19:30–21:30 ET swing (high 0.02929 to low 0.02144), the 61.8% level (~0.0231) was tested briefly but failed to hold. The 38.2% level (~0.0263) marked a potential short-term resistance area during the morning hours. The price currently consolidates near the 50% level (~0.0254), suggesting a lack of strong directional bias.

Backtest Hypothesis

A potential backtesting strategy could involve entering a short position at a confirmed break below the 0.0215–0.0217 support level, with a stop-loss above the 0.0224–0.0226 resistance cluster. Given the RSI’s oversold condition and the bearish MACD, a trailing stop could be used to capture continued downward momentum. However, a failure to break below 0.0215 or a strong volume rebound above 0.5M may indicate a reversal and should trigger a reevaluation of the trade setup.