Market Overview: DAR Open Network/Tether (DUSDT) – 2025-09-20

• Price opened at $0.0347 and rose to a high of $0.03575 before closing at $0.03465.
• A bullish breakout in the early morning was followed by consolidation and gradual decline in the afternoon.
• Volume surged during the morning session, signaling heightened activity but failed to confirm a lasting bullish move.
• RSI reached overbought territory during the morning rally, hinting at a potential pullback.
• Volatility expanded during the initial rally but has since contracted, pointing to lower uncertainty in the afternoon.

DAR Open Network/Tether (DUSDT) opened at $0.0347 on 2025-09-19 at 12:00 ET and closed at $0.03465 on 2025-09-20 at 12:00 ET. The pair reached a high of $0.03575 and a low of $0.03423 over the 24-hour period. Total volume amounted to 5,419,337.0, with a notional turnover of approximately $193,612.14. The price exhibited a strong morning push followed by a retest and afternoon pullback, suggesting a mixed sentiment.

1. Structure & Formations

The 24-hour chart displayed a key support zone forming around $0.0345, where price found repeated buying interest. A strong bullish breakout occurred around $0.0353–0.0355, but subsequent price action failed to sustain that level, forming a bearish retest. A long upper shadow in the morning rally candle suggests rejection above $0.0354–0.0356. A bullish engulfing pattern formed during the 05:30–06:15 ET window, followed by a potential bearish harami in the early afternoon.

2. Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bullish crossover in the early morning, supporting the breakout. However, the 50-period line started to flatten and the 20-period line began to cross back below it as the afternoon progressed. On the daily chart, the 50-period MA is above the 100-period and 200-period lines, indicating a slight bullish bias, though price remains below key moving averages suggesting a potential pullback.

3. MACD & RSI

The MACD line surged during the morning rally, with a strong positive histogram that peaked near $0.0355 before declining. The signal line crossed the MACD line from below, confirming the short-term bullish momentum. However, the histogram began to narrow in the afternoon, indicating weakening momentum. The RSI moved into overbought territory (above 70) during the morning, then corrected into neutral to oversold levels (below 30) by mid-afternoon, suggesting a bearish correction could be in play.

4. Bollinger Bands

Volatility expanded sharply in the early morning, pushing price to the upper band of the Bollinger Bands. By mid-morning, price consolidated closer to the middle band, and in the afternoon, it moved below the lower band, indicating a bearish reversal pattern. The contraction in the bands from the morning to the afternoon suggests decreasing uncertainty, though the price remains well within the channel.

5. Volume & Turnover

Volume spiked during the morning rally, peaking at 599,989.0, confirming the bullish breakout. However, volume declined sharply in the afternoon despite continued price movement, suggesting divergence. Turnover mirrored volume patterns, with the highest turnover at $0.03567. The divergence between price and volume in the afternoon may point to a potential short-term reversal or consolidation phase.

6. Fibonacci Retracements

Key Fibonacci levels were drawn from the morning high of $0.03575 to the afternoon low of $0.03423. The 38.2% retracement level at $0.0351 and the 61.8% retracement at $0.0346 acted as important psychological barriers. Price found support at the 61.8% level during the afternoon and consolidated around that area, suggesting it may hold in the near term.

Backtest Hypothesis

A potential backtest strategy could involve entering a long position on a bullish breakout above the 61.8% Fibonacci retracement level at $0.0346, with a stop-loss below the 50% retracement at $0.0345. A short position may be considered if price breaks below $0.03436, using the 38.2% retracement as a target. The 20-period and 50-period MA crossovers, combined with RSI divergence and volume confirmation, could provide additional confirmation for trade entries and exits. This strategy would aim to capitalize on the short-term momentum and pullback dynamics observed in the 24-hour chart.