DUSDT Breaks Key Support as Bearish Signals Proliferate

Summary
• DUSDT formed bearish engulfing patterns amid descending support and rising resistance levels.
• Momentum shifted lower as RSI entered oversold territory and MACD turned negative.
• Volatility expanded after a Bollinger contraction, with price testing the upper band during early ET hours.
• Notional turnover surged at key support levels, confirming short-term price rejection.
• 20-period moving averages crossed below 50-period, signaling a bearish short-term bias.

DAR Open Network/Tether (DUSDT) opened at $0.01215 (12:00 ET − 1), reached a high of $0.01239, a low of $0.01176, and closed at $0.01189 (12:00 ET). Total volume was 28,996,259.0 with notional turnover of $352,445.82.

Structure & Formations

Price action developed a series of bearish engulfing and hanging man patterns on the 5-minute chart, particularly after 00:45 ET. A key support level emerged at $0.0118–$0.0119, where price found repeated refuge in the final hours of the session. Resistance at $0.0123 failed to hold after an initial test in the early morning.

Moving Averages and Momentum

The 20-period MA crossed below the 50-period MA late in the session, reinforcing a bearish near-term bias. MACD turned negative after a mid-session divergence between price and indicator, and RSI approached oversold territory by the final candle, suggesting potential for a short-term rebound but not a reversal.

Volatility and Bollinger Bands

Volatility expanded after a period of consolidation, with Bollinger Bands widening in the 00:45–01:00 ET timeframe. Price tested the upper band during a sharp rally but failed to break through, then drifted lower toward the lower band in the final hours, indicating fading momentum.

Volume and Turnover

Volume spiked during key support tests and early ET breakouts, with the highest single candle volume occurring at 00:45 ET. Turnover aligned with price movements, confirming rejection above $0.0123 and strong buying interest at $0.0118–$0.0119.

Fibonacci Retracements

Recent 5-minute swings showed price retreating to the 61.8% Fibonacci level at $0.0120–$0.0121, before breaking downward. Daily retracements highlighted a possible bounce zone near $0.0118–$0.0119, which appears to be holding as a psychological floor.

Price may consolidate near the $0.0118–$0.0119 range in the next 24 hours before testing lower support levels. Traders should remain cautious as volatility remains elevated and momentum indicators could signal a short-term rebound.