DUSDT Market Overview: Volatility Rebounds Amidst Consolidation

• Price surged to a 24-hour peak of $0.03213 before retracing toward key support near $0.0314.

• Volume surged over 600k during the 20:15–20:30 ET rally, confirming momentum toward recent highs.

• RSI indicates overbought conditions near 70 during the peak, suggesting potential near-term pullback risk.

• Price remains within a tight Bollinger Band channel, indicating low volatility and consolidation.

• Fibonacci retracement of the 15-min swing shows 61.8% level near $0.0318, which held as temporary support.

DAR Open Network/Tether (DUSDT) opened at $0.03098 on 2025-10-02 12:00 ET and closed at $0.0316 at 12:00 ET on 2025-10-03. The 24-hour high reached $0.03213, while the low was recorded at $0.03134. Total volume amounted to 11,097,415.0 and notional turnover was approximately $348,624.18 (assuming 1 unit of DAR Open Network).

DUSDT’s price action shows a clear bullish bias in the morning hours, driven by a sharp rally in the 20:15–20:30 ET window, where price moved from $0.03208 to a high of $0.03213 on massive volume of 641,044.0. However, buying momentum waned in the early morning, leading to a pullback into the $0.0316–$0.0318 range. The 15-min chart suggests consolidation within a tight Bollinger Band channel, indicating limited volatility and a lack of strong directional bias at present.

Key support levels appear at $0.0314 and $0.03135, both of which have held multiple times during the decline in the overnight session. On the upside, the 61.8% Fibonacci retracement of the 20:15–20:30 ET move is near $0.0318 and acted as a temporary floor. A potential break above $0.03213 could reinvigorate bullish momentum, while a break below $0.0314 may invite further selling.

RSI has moved between 65 and 70 during the recent rally, indicating overbought conditions. MACD is positive but narrowing, suggesting weakening upward momentum. Volume during the consolidation phase remains lower than the peak rally, indicating a potential shift in sentiment. Investors should monitor whether the $0.0318 level holds as support, as a failure to do so may expose $0.0314 as the next critical level.

The backtest strategy leverages a 20-period and 50-period moving average crossover on the 15-minute chart to identify potential entry points. When the 20-period MA crosses above the 50-period MA and RSI remains below 70, the signal is considered a bullish setup. A stop-loss is placed just below the recent swing low. This approach aims to capture short-term volatility while using the 50-period MA as a dynamic support reference. Given the current consolidation and RSI levels, a breakout above $0.0318 with a bullish MA crossover could trigger a trade entry for short-term momentum players.