DAR Open Network/Tether Market Overview – 2025-10-12

• DUSDT traded in a tightening range with a late session rally to 0.02248 before consolidating near 0.02241 at 16:00 ET.
• Strong volume-driven buying in the 15:00–16:00 ET window confirmed the breakout from a bearish pennant pattern.
• RSI overbought territory and MACD positive divergence suggest short-term overextension, but support remains firm near 0.02210.
• Volatility expanded after 15:00 ET, with Bollinger Bands widening; price closed near the upper band.
• Total 24-hour volume reached ~4.24 million units, and turnover hit ~$93,500, confirming growing on-chain activity.

DAR Open Network/Tether (DUSDT) opened at 0.02233 on 2025-10-11 at 12:00 ET and touched an intraday high of 0.02248 before settling at 0.02241 at 16:00 ET. The 24-hour trading range spanned from 0.02054 to 0.02248, with total volume of ~4,243,914 units and notional turnover of approximately $93,500. A critical breakout from a bearish pennant pattern formed between 15:00–16:00 ET suggests potential for further upward movement.

Structure & Formations

A bearish pennant consolidation between 0.02218 and 0.02248 gave way to a breakout on increasing volume in the 15:00–16:00 ET timeframe. A bullish engulfing pattern formed between 15:30–16:00 ET, with a close above the upper band of Bollinger Bands. Key support levels appear near 0.02210 and 0.02170, with 0.02248 acting as a dynamic resistance. A morning doji (09:45–10:00 ET) hinted at indecision, but it was later confirmed by higher highs.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are converging near 0.02233–0.02241, with price currently above both, suggesting a short-term bullish tilt. On the daily chart, DUSDT is above the 50- and 100-day moving averages but below the 200-day average, indicating a mixed mid-term outlook. The 50–100-day crossover remains a key watchpoint for trend confirmation.

MACD & RSI

MACD remains in positive territory with a narrowing histogram, indicating waning upward momentum but sustained buying pressure. The RSI is currently in overbought territory (~72) and could trigger a pullback to key Fibonacci levels or support. Divergence in the RSI and MACD suggests caution for short-term traders, though the trend remains intact.

Bollinger Bands

Volatility expanded sharply after 15:00 ET, pushing DUSDT near the upper band at 0.02248. The lower band currently sits around 0.02200, and a break below would signal a shift in sentiment. The recent widening of the bands corresponds with increased volume and suggests a potential for further price extension in either direction.

Volume & Turnover

Volume surged between 15:00–16:00 ET, with a 370,000-unit candle and a 10:1 volume-to-turnover ratio (~$935,000) confirming the breakout. A divergence between price and volume after 19:00 ET (volume declining despite lower prices) may suggest a temporary exhaustion of sellers. Turnover remains steady in the last 4 hours, indicating active liquidity and participation.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from 0.02218 (low) to 0.02248 (high) shows 0.02234 at 38.2% and 0.02241 at 50%. The 61.8% level is at 0.02244. A pullback to 0.02234 may find support before testing the 0.02241 level again. On the daily chart, the 38.2% retracement from the recent low at 0.02106 to the high at 0.02248 is at 0.02218, aligning with a key horizontal support level.

Backtest Hypothesis

A potential backtest could focus on a breakout strategy using the 15-minute timeframe: entering long on a close above the upper Bollinger Band (with volume confirmation) and exiting on a close below the 38.2% Fibonacci retracement level or RSI entering oversold territory. A stop-loss could be placed below the 0.02210 support level. This approach would leverage the combination of volatility expansion, Fibonacci levels, and volume confirmation to filter high-probability setups. Given the recent pattern, this strategy could have yielded a 1–2% gain over 24–48 hours, with risk capped at 0.5–1% of position size.