DAR Open Network/Tether Market Overview

• DUSDT traded in a descending channel on 15-minute charts, with price closing near a 0.0310–0.0313 consolidation zone.
• Momentum indicators suggest moderate bearish bias, with RSI signaling oversold territory in the later hours of the 24-hour period.
• Volatility expanded from 0.0315 to 0.0300, with the largest intraday range observed between 04:00–04:30 ET.
• Turnover spiked during the early morning hours, suggesting increased liquidity shifts and potential arbitrage activity.
• A key support level formed near 0.03020–0.03030, which appears to have prevented further downward momentum.

DAR Open Network/Tether (DUSDT) opened at 0.03151 on 2025-09-24 at 12:00 ET and closed at 0.03025 on 2025-09-25 at 12:00 ET, trading as high as 0.03157 and as low as 0.03000 during the 24-hour period. Total traded volume amounted to 6,862,670 units, with notional turnover reaching $211,800. The price action displayed a bearish bias on the 15-minute time frame, characterized by a consistent downtrend and a lack of follow-through in bullish attempts.

Structure & Formations

The 24-hour period featured multiple bearish candlestick formations, including hanging man and bearish engulfing patterns, particularly in the early hours of the session. A notable support zone formed between 0.03020–0.03030, where the price found multiple bids. Resistance levels were visible around 0.03140–0.03150, with the price failing to break through this range consistently. A doji candle at 0.03040 during the morning suggested indecision among market participants.

Moving Averages

On the 15-minute chart, the 20-period moving average consistently remained above the 50-period line, indicating a bearish bias. The 50-period line acted as a dynamic resistance. On a daily chart basis, the 50-period MA was above the 100 and 200-period lines, reinforcing a medium-term bearish trend. The price spent most of the period below both the 50 and 200-period MAs, reinforcing the downtrend.

MACD & RSI

The MACD showed a bearish crossover in the first 4 hours of the session, with the histogram contracting slightly by the end of the 24-hour period. The RSI dipped into oversold territory (below 30) during the late morning and early afternoon, suggesting potential for a short-term bounce. However, the lack of follow-through suggests caution. Momentum appears to be fading, with the RSI failing to close above 50.

Bollinger Bands

Volatility expanded significantly throughout the period, particularly between 04:00–04:30 ET, with the Bollinger Bands widening from 0.0302 to 0.0315. The price spent most of the time in the lower half of the bands, suggesting bearish dominance. The 15-minute chart showed a period of contraction in the early hours, followed by a sharp expansion. This could signal a continuation of the trend or a potential reversal.

Volume & Turnover

Volume spiked sharply during the early morning hours (03:00–05:00 ET) and again in the early evening (15:00–16:00 ET), aligning with key price declines. The largest single-candle volume occurred at 07:30 ET (103,686 units), during a moderate pullback to 0.03035. Turnover was consistently higher during these volume spikes, indicating increased liquidity and possibly institutional selling. Divergences between price and turnover were not significant, suggesting a relatively cohesive trend.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.03157–0.03000 swing showed a key level at 0.03065 (61.8%), which the price briefly touched before continuing lower. The 38.2% level (0.03115) was also a minor resistance. On a daily basis, the Fibonacci levels aligned with key support and resistance levels from prior sessions, reinforcing the 0.03020–0.03030 support area as a critical level for the near term.

Backtest Hypothesis

A potential backtest strategy could involve entering short positions when the price closes below the 50-period MA on the 15-minute chart, with a stop-loss above the nearest resistance and a target at the next Fibonacci level. The 20-period MA could act as an additional trigger, confirming the bearish momentum. Given the recent volatility and consistent bearish structure, this setup could offer a favorable risk-reward ratio in the next 24–48 hours.