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• Price surged to 0.04498 before consolidating near 0.0377–0.0380.
• Strong volume driven by large orders in the 19:30–20:45 ET window.
• RSI hit overbought levels early, followed by bearish divergence and oversold readings.
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DAR Open Network/Tether (DUSDT) opened at 0.03656 on 2025-09-13 at 12:00 ET and closed at 0.03777 one day later. The 24-hour high reached 0.04498, while the low was 0.03565. Total volume for the period was 199,483,578.0 and notional turnover amounted to approximately USD 7,482,981.86.
The price moved through multiple key levels, forming several identifiable candlestick patterns. A bullish engulfing pattern emerged on the 19:30 ET candle as DUSDT surged from 0.03779 to 0.03926, signaling a short-term reversal. A long lower wick appeared during the 00:00 ET candle at the top of the move, suggesting rejection at 0.04234. A bearish harami followed on the 05:45 ET candle as prices gapped down to 0.03937 after reaching 0.0417. A doji formed at 03:15 ET (0.04058) within a consolidation phase, hinting at potential indecision. These patterns indicate a tug-of-war between buyers and sellers, particularly at key resistance and support levels.
Moving averages suggest a bearish bias in the short term. The 20-period and 50-period SMAs on the 15-minute chart crossed below the price after the peak, forming a bearish crossover. The 50-period SMA on the daily chart stands at approximately 0.0382, offering initial resistance. The 200-period SMA is near 0.0375, where current price consolidation suggests possible support. Bollinger Bands expanded during the bullish phase but are now contracting, indicating a potential shift in momentum. Price remains within the lower half of the bands, suggesting bearish bias in the short term.
The RSI hit overbought territory at 78 during the 19:30–19:45 ET rally, followed by a sharp correction into oversold territory by 08:30 ET the next day, reaching 29. This bearish divergence suggests weakening momentum. MACD lines crossed below the signal line at the peak, confirming the bearish turn. The indicator remains in negative territory, pointing to sustained downward pressure. Volume spiked during the 19:30–20:45 ET window, confirming the large bullish move, but has since declined, indicating diminishing buyer participation. The price-volume relationship shows positive confirmation early, but recent divergence suggests caution.
Fibonacci retracement levels provide context for potential support and resistance. A 61.8% retracement from the 0.03565 low to the 0.04498 high is at approximately 0.0386, where price found resistance and turned lower. The 38.2% level is near 0.0379. On the daily chart, a 61.8% retracement from the 0.03565 low to the 0.04498 high is at 0.0386, which overlaps with the 50-period SMA and could be a key level to watch. The 38.2% daily level is near 0.0379, where the price has stabilized and could either bounce or break down. These levels suggest a potential range-bound scenario unless volume picks up to push through the upper resistance.
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