DUSDT Market Overview for 2025-11-09

• Price fluctuated between 0.02088 and 0.02218 with a closing dip to 0.02088.
• RSI suggests oversold conditions after a 24-hour dip below 30.
• Volume surged during early AM ET, aligning with the price decline.
• Bollinger Bands show tightening volatility in the final hours.
• 20SMA crossed below 50SMA in 15-minute chart, hinting at short-term bearish momentum.

DAR Open Network/Tether (DUSDT) opened at 0.02155 at 12:00 ET−1 and reached a high of 0.02218 before falling to a low of 0.02088, closing at 0.02088 at 12:00 ET. Total volume for the 24-hour window was 33,954,432.0, with a turnover of approximately $721,202. Price action and volume suggest a bearish bias as the asset consolidates below key moving averages.

The 15-minute chart shows a bearish divergence, with prices failing to reclaim the 20SMA after multiple attempts. A bearish engulfing pattern appears at the peak of the session, signaling a shift in sentiment. Support levels are consolidating around 0.02088, while resistance remains at 0.0218–0.0220. The formation of a small bearish wedge in the late hours indicates a potential continuation of the downward move if broken.

MACD lines crossed below the signal line early in the morning, indicating a bearish momentum shift. RSI dropped to 29.4 at the close, suggesting oversold conditions. However, the RSI remains within a potential bounce zone if 0.02088 holds. Bollinger Bands tightened in the final hours of trading, hinting at an impending breakout or breakdown. Volatility remains subdued compared to earlier in the session.

Volume spiked during the early morning hours (0200–0400 ET) as the price declined sharply, with turnover confirming the bearish move. A divergence between price and volume was observed during the late afternoon (1800–2000 ET), where volume dropped despite continued price weakness. This divergence could signal a loss of bearish conviction or an impending reversal if buyers re-enter.

Fibonacci retracement levels applied to the 0.02088–0.02218 swing show key levels at 0.02148 (38.2%), 0.02116 (50%), and 0.02088 (61.8%). The price has found support at 0.02088, aligning with the 61.8% retracement level, which could either act as a short-term base or a trigger for further selling pressure if tested again.

Backtest Hypothesis: Applying a strategy of entering DUSDT when RSI falls below 30 and exiting at +5% profit or -3% loss would have yielded limited gains in the current cycle. The recent bearish move, confirmed by bearish divergence in volume and MACD, suggests that oversold conditions may not guarantee a meaningful bounce. A 3% stop loss would have triggered multiple exits during the late morning and early afternoon sell-offs, potentially limiting the strategy’s effectiveness in this volatile environment. The current price behavior indicates that a buy-on-oversold strategy may require a more cautious approach, with additional filters such as volume or trend confirmation.