Market Overview for DAR Open Network/Tether (DUSDT): 2025-09-26

• DUSDT declined from 0.03022 to 0.02991 in 24 hours, closing with bearish momentum.
• Volatility expanded as price dipped below key support at 0.0295, with volume rising to 1.8M.
• RSI dipped into oversold territory, suggesting a potential rebound, but momentum remains weak.
• Bollinger Band contraction observed early in the session, followed by a breakout to the downside.
• A potential double-bottom pattern formed near 0.0288–0.0292, but volume failed to confirm bullish follow-through.

DAR Open Network/Tether (DUSDT) opened at 0.03017 on 2025-09-25 at 12:00 ET and closed at 0.02991 on 2025-09-26 at the same time. The 24-hour low was 0.02859, and the high reached 0.03037. Total trading volume was approximately 5.36M, and notional turnover was $161,593. The price trended lower for most of the session, with bearish momentum dominating the 15-minute candlestick pattern.

The price action revealed a bearish breakdown from a short-term resistance zone between 0.0295 and 0.0297. A bearish engulfing pattern formed on 2025-09-25 at 18:00 ET, signaling continuation of the downtrend. A notable 61.8% Fibonacci retracement level was violated at 0.0295, reinforcing the bearish narrative. Support levels at 0.0292 and 0.0288 saw brief tests, with volume rising slightly at 0.0292 but lacking follow-through strength.

The 20-period and 50-period moving averages on the 15-minute chart remained bearishly aligned, with the 50-period line below the 20-period line. This “death cross” formation reinforced the downtrend. MACD remained negative throughout the session, with a bearish crossover occurring at 18:00 ET. The RSI dipped below 30, indicating oversold conditions and a potential short-term bounce, though bearish momentum remains intact. A key divergence was observed between price and RSI as the price continued to fall while RSI flattened, suggesting a potential short-term stabilization.

Bollinger Bands narrowed significantly between 16:00 and 18:00 ET, indicating low volatility and a setup for a breakout. The subsequent bearish break below the lower band confirmed the continuation of the downtrend. The bands have since expanded, suggesting increased volatility. On the daily chart, the 50-period MA crossed below the 100-period MA, reinforcing the bearish bias.

Backtest Hypothesis

A potential backtesting strategy for DUSDT could focus on identifying bearish engulfing patterns and oversold RSI levels. A trade could be triggered when a bearish engulfing candle forms on the 15-minute chart and RSI drops below 30. Stop-loss placement could be above the high of the engulfing pattern, while the take-profit target could be set at the next Fibonacci retracement level or the nearest support. Given the recent price action and volume behavior, this strategy could have yielded a successful short trade on 2025-09-25 at 18:00 ET. However, the lack of strong follow-through volume after the RSI bottomed suggests that further caution is warranted. The strategy may work best in a defined range or during periods of low volatility contraction, such as the one seen prior to the breakout.