Market Overview for DAR Open Network/Tether

Summary
• Price swung between 0.0135 and 0.0164, with a bullish breakout forming after 12:15 ET.
• Strong volume confirmed the reversal, particularly around 12:45 ET.
• RSI hit overbought territory, suggesting potential pullback risk.
• Volatility expanded during the breakout, with Bollinger Bands widening.
• A 5-minute bearish engulfing pattern formed before the reversal, signaling trend exhaustion.

DAR Open Network/Tether (DUSDT) opened at 0.0135 on 2026-01-17 at 12:00 ET, reached a high of 0.01638, touched a low of 0.01301, and closed at 0.01418 at 12:00 ET the following day. The 24-hour volume amounted to 73,262,847.0 units, with a notional turnover of 1,111,236.18 USD.

Structure & Formations

DUSDT displayed a key bullish reversal pattern between 12:15 ET and 12:45 ET, breaking above a 0.0149 resistance level. A prior 5-minute bearish engulfing pattern near 10:45 ET suggested exhaustion in the downtrend, setting the stage for the reversal. . A strong pullback occurred after the overbought RSI level (~75) at 12:45 ET, indicating potential short-term pressure.

Moving Averages and Momentum

On the 5-minute chart, price outperformed both 20 and 50-period moving averages by 12:30 ET. MACD turned positive with a strong histogram, confirming upward momentum. However, RSI reaching 75 at 12:45 ET suggests the move could face near-term profit-taking. Daily averages are still bearish, indicating a possible consolidation phase ahead.

Volatility and Bollinger Bands

Volatility spiked significantly following the breakout, with Bollinger Bands expanding. Price moved well above the upper band at 12:15 ET and remained near the upper boundary until 13:00 ET. This expansion suggests increased buying pressure but may also signal a potential overextension.

Volume and Turnover

The breakout at 12:15 ET was supported by a massive volume spike of 73 million units, the largest in the dataset. Turnover also surged sharply during this period, confirming the bullish move. Divergence between late-day price consolidation and declining volume suggests fading momentum, which could lead to a pullback.

DUSDT appears to have shifted into a short-term bullish phase, with strong volume and momentum confirming the move above key resistance. However, the overbought RSI and expanding volatility increase the risk of a near-term consolidation or pullback. Investors should monitor the 0.0149 level for potential reentry opportunities while watching for signs of trend exhaustion in the next 24 hours.