Market Overview for DAR Open Network (DUSDT) on 2025-07-23

DAR Open Network’s DUSDT traded in a range-bound pattern over the last 24 hours, opening at $0.04108 and closing at $0.04073 near 12:00 ET. The price touched a high of $0.04443 and a low of $0.03973. Total volume was 106,948,828, and notional turnover amounted to $4,366. The session saw a late rally into the morning before a bearish reversal into the afternoon.

Summary

• Price formed a bearish reversal pattern near $0.0425 and broke below key support at $0.0415.
• Momentum dipped into oversold territory on RSI, suggesting a possible short-term bounce.
• Volatility increased in the morning before narrowing into the afternoon, indicating consolidation.
• Volume surged in the early morning but declined in the afternoon, highlighting divergence.
• Bollinger Bands showed a contraction in the late hours, suggesting potential for a breakout.

Structure & Formations

DUSDT displayed a bearish engulfing pattern as prices moved from $0.0425 to $0.0415, signaling a shift in sentiment. A key support level appears to have been breached at $0.0415, with a potential next target at $0.0405. Resistance levels remain intact at $0.0425 and $0.0435, with a strong bearish bias evident from the 15-minute chart.

Moving Averages

On the 15-minute chart, price dipped below the 20-period and 50-period moving averages, confirming a bearish trend. The 50-period line is currently at $0.0418, while the 20-period line is near $0.0415. On the daily chart, price remains below the 50, 100, and 200-period MAs, reinforcing the bearish bias.

MACD & RSI

The MACD line turned negative in the afternoon, confirming the bearish momentum. RSI dipped below 30 in the late afternoon, suggesting oversold conditions. However, the indicator has not yet shown a strong rebound, which may delay a potential bounce. Momentum remains weak, with no clear reversal signal yet.

Bollinger Bands

Bollinger Bands tightened in the late hours of the session, indicating a potential breakout. Price closed near the lower band at $0.04073, suggesting a possible extension to the downside. The contraction may lead to increased volatility in the next 24 hours, either upward or downward, depending on market sentiment.

Volume & Turnover

Volume spiked in the early morning with a large candle at $0.0425, confirming the bearish breakout. However, volume declined in the afternoon despite continued downward movement, indicating a potential divergence. Turnover also showed a similar pattern, with higher notional value in the morning and a slowdown in the afternoon.

Fibonacci Retracements

Fibonacci levels from the recent swing high at $0.04443 and low at $0.03973 show key retracements at $0.0425 (61.8%) and $0.0415 (38.2%). Price has already broken below $0.0415, suggesting a test of the next level at $0.0405. On the 15-minute chart, the 61.8% level at $0.0425 was a key resistance that failed to hold.

Forward-Looking View

DUSDT may test support at $0.0405 in the next 24 hours, with a potential bounce from the oversold RSI level. However, a break below $0.0405 could accelerate the downtrend. Investors should monitor volume for signs of conviction on either side of the $0.0405 level and watch for a breakout from the Bollinger contraction. As always, market conditions can shift rapidly, so caution is advised.