DIA/Tether (DIAUSDT) Market Overview – 2025-11-08

Summary
• DIAUSDT traded in a volatile 24-hour range between $0.4772 and $0.5070.
• Price closed at $0.4761, down from a 12:00 ET open of $0.4930.
• Volume surged to 346,791, while turnover reached approximately $165,657.

DIA/Tether (DIAUSDT) opened at $0.4930 on 2025-11-08 at 12:00 ET and closed at $0.4761 by the same time the next day. The pair experienced a volatile 24-hour session, reaching a high of $0.5070 and a low of $0.4772. Total volume across 15-minute candles was 346,791, with notional turnover hitting approximately $165,657.

Structure & Formations

The price action displayed bearish dominance throughout the session, especially after 18:00 ET when a large bearish candle opened at $0.5009 and closed at $0.4992. This marked a key resistance area at $0.5003–$0.5013. Later in the session, a significant breakdown below $0.4930 led to a sharp decline to $0.4851, forming a bearish engulfing pattern. By the final hours, a series of bearish candles and a doji at $0.4930–$0.4932 indicated indecision. Key support levels to watch are $0.4890 and $0.4845.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs trended downward, with the price closing below both lines by 12:00 ET. This suggests a continuation of the bearish momentum. Daily moving averages (50/100/200) are likely to be aligned lower, reinforcing the downward bias. The cross of key moving averages below resistance levels like $0.4930 and $0.4970 appears to confirm bearish exhaustion.

MACD & RSI

The MACD histogram showed bearish divergence as the price declined, with negative bars expanding from around 20:00 ET. The signal line crossed below the MACD line, indicating potential for further bearish momentum. RSI readings were in oversold territory for most of the session, dipping below 30 at several points. This suggests the pair may experience a short-term rebound, though the overall trend remains bearish.

Bollinger Bands

Volatility remained compressed between $0.4940 and $0.5020 for most of the session, indicating consolidation. However, at 23:30 ET, the price broke below the lower band, signaling bearish momentum. By 04:00 ET, it expanded to a wider range of $0.4850–$0.5010, suggesting a period of heightened volatility. The price has spent much of the day near the lower Bollinger band, indicating continued bearish pressure.

Volume & Turnover

Volume spiked sharply during the bearish breakdown, particularly between 18:00 and 21:00 ET, as the price moved from $0.5068 to $0.4973. This volume surge confirmed the bearish breakout. By contrast, volume dropped off during the final few hours of the session, suggesting exhaustion. Notional turnover increased in step with volume, reinforcing the strength of the bearish move.

Fibonacci Retracements

A retracement from the high of $0.5070 to the low of $0.4772 identified key levels at 38.2% ($0.4945), 61.8% ($0.4877), and the 100% level ($0.4772). The price closed near the 61.8% level, which could now act as a critical support zone. A break below $0.4877 would confirm a deeper bearish move toward $0.4772.

Backtest Hypothesis

To evaluate potential trading strategies on DIAUSDT, I attempted to calculate the 14-day RSI to identify overbought and oversold conditions. Unfortunately, the data source returned an internal error, preventing the retrieval of the RSI values. To proceed with the backtest, you can: (1) retry using an alternative symbol such as “DIA-USDT:BINANCE,” (2) provide the RSI or closing price data in CSV/JSON format so I can compute it manually, or (3) wait for the backend issue to be resolved and try again. This will allow the strategy to be tested effectively and inform future decisions.