Market Overview: DAR Open Network (DUSDT) 24-Hour Technical Summary

• DUSDT traded in a narrow range overnight before surging past 0.0354 in early hours.
• Strong bullish momentum emerged after 00:00 ET with a series of higher highs and closes.
• Price consolidated near 0.0359–0.0360 in the midday, showing potential for a breakout.
• High volume and turnover confirmed the morning rally, aligning with price action.
• A 15-minute bullish engulfing pattern formed at 08:45 ET, signaling renewed buying pressure.

DAR Open Network’s DUSDT opened at 0.03471 on 2025-07-30 12:00 ET, reaching a high of 0.03602 and a low of 0.03458 before closing at 0.03503 on 2025-07-31 12:00 ET. Total volume was 16,418,022.0, and notional turnover amounted to $575,000 (assuming $1 USD value for USDT).

Structure & Formations

The price action showed a strong bullish shift after midnight, breaking out of a tight consolidation range. A key support level emerged at 0.0356–0.0357, where the price found buying interest multiple times. Resistance appears to be forming near 0.0359–0.0360, with a failed attempt at a higher high in the midday. A bullish engulfing pattern at 08:45 ET confirmed the shift in momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are trending upward, confirming the recent bullish bias. The price has closed above both, suggesting short-term strength. Daily moving averages (50/100/200) are not yet showing a strong directional bias, but the 50-day MA is beginning to rise.

MACD & RSI

The MACD turned positive after the early morning breakout and showed a growing histogram, indicating rising bullish momentum. The RSI crossed above 50 and is currently around 55–60, suggesting moderate strength but not yet overbought. This suggests the rally may continue in the near term, but caution is warranted if the RSI approaches 70.

Bollinger Bands

Volatility expanded significantly during the morning surge, with the bands widening. Price is currently near the upper band, indicating strong upward momentum. A breakout above the upper band could signal a new bullish phase, while a return to the middle band may indicate a consolidation phase.

Volume & Turnover

Volume spiked sharply after 00:00 ET and remained elevated throughout the morning rally, confirming the price action. Turnover also increased in line with volume, suggesting strong participation and conviction. A divergence may be forming in the afternoon, as volume decreased slightly while price remained in a narrow range.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from 0.0347 to 0.0360, the price has tested the 61.8% retracement level around 0.0354–0.0355. A break above 0.0359 could target the 78.6% level at 0.0358–0.0359. On the daily chart, the 38.2% retracement level is around 0.0355, which appears to have provided support.

DUSDT may continue to test the 0.0359–0.0360 resistance in the next 24 hours, with the potential for a breakout if volume remains strong. However, a pullback to the 0.0354–0.0355 zone could be a risk if buying pressure weakens. Investors should watch for confirmation of a breakout or a rejection near key Fibonacci levels.