DAR Open Network/Tether (DUSDT) Market Overview

• DUSDT traded in a 0.03098–0.03236 range, closing near 0.03236 with rising momentum.
• Volatility expanded after 19:00 ET, with a key breakout above 0.0320 and strong volume.
• RSI shows overbought territory post 19:00, while MACD turned bullish with positive divergence.
• Bollinger Bands expanded, suggesting heightened risk of a pullback or consolidation.
• Volume surged 55x in the last 3 hours, supporting the recent price rally.

DAR Open Network/Tether (DUSDT) opened at 0.03098 on 2025-10-02 12:00 ET and closed at 0.03236 by 2025-10-03 12:00 ET. The pair reached a high of 0.03236 and a low of 0.03098, with a total trading volume of 7,255,802.5 and a notional turnover of 228.76 during the 24-hour period. The price action suggests a strong bullish trend with momentum likely to remain elevated.

Structure & Formations

The 15-minute chart shows a clear bullish bias following a strong breakout above 0.0320 and a follow-through rally above 0.0321. Key support levels appear to be forming at 0.0318 and 0.0314, with 0.0316 acting as a short-term pivot. A large bullish engulfing pattern emerged around 19:30 ET, confirming a shift in sentiment. A doji formed briefly at 00:15 ET but was quickly negated by the next candle’s strong recovery. Traders should watch for a potential consolidation phase above 0.03215 or a pullback toward 0.0318 as key near-term pivot levels.

Moving Averages

On the 15-minute timeframe, the 20-period moving average crossed above the 50-period line at 19:15 ET, confirming a bullish crossover. The 50-period MA has remained above the 100-period MA since 19:30 ET, supporting the idea of a longer-term uptrend. Daily indicators show the 50-day MA at 0.0313, while the 200-day MA sits at 0.0311, indicating a broader bullish bias. The price remains well above both, suggesting a healthy trend in place.

MACD & RSI

The MACD turned bullish at 19:00 ET with both the signal and histogram lines rising sharply, indicating a strong momentum shift. The RSI reached 72 at 16:00 ET and has remained in overbought territory since 19:30, suggesting potential for a short-term correction. However, the divergence between rising RSI and price suggests that momentum is still intact, with the market likely to consolidate before another push higher. A pullback into the 0.0318–0.0320 range could offer a re-entry opportunity.

Bollinger Bands

Bollinger Bands widened significantly after 19:00 ET as volatility increased, with the price staying near the upper band for most of the session. This expansion typically precedes a reversal or a continuation of the trend, but in this case, it appears to support the ongoing bullish move. Traders should watch for a potential narrowing of the bands, which could signal a period of consolidation or a false breakout attempt. A strong close above the upper band would confirm a continuation of the current trend.

Volume & Turnover

Volume surged from approximately 252k to over 235k at the end of the session, with the largest spike occurring at 16:00 ET. The notional turnover followed a similar pattern, rising sharply in the last three hours. This suggests strong buying interest from institutional or large retail players. The volume and price action aligned well during the breakout phase, but a divergence may occur if the RSI starts to decline without a corresponding drop in volume, which could indicate a weakening of the trend.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute swing from 0.03098 to 0.03236, the 38.2% level is at 0.03165 and the 61.8% level is at 0.03199. The price briefly tested the 61.8% level before extending higher, suggesting that the 0.03199 level may act as a support or pivot. On the daily timeframe, the 50% retracement level from a recent swing is at 0.0315, and the price has shown reluctance to fall below this level, indicating strong demand in that region.

Backtest Hypothesis

The backtest strategy focuses on breakout setups using a combination of Bollinger Bands and RSI overbought levels. A potential trade entry could occur when the price closes above the upper Bollinger Band with a closing RSI above 65, as seen around 19:30 ET. Stops can be placed just below key support levels, such as 0.0318, while targets align with the next Fibonacci level or the next Bollinger Band expansion. This setup, if repeated over multiple days, could provide a high-probability entry in the current bullish environment.