Market Overview for DAR Open Network/Tether (DUSDT) on 2025-10-09

• Price dropped to a 24-hour low of $0.02966 after a sharp bearish breakout in the early morning ET.
• Volatility expanded following a key support test at $0.0303, with increasing volume during the decline.
• RSI reached oversold territory, suggesting potential for a near-term rebound or consolidation.
• Bollinger Bands showed a contraction before the recent move, indicating a period of low momentum prior to the breakout.
• MACD turned negative, reinforcing bearish momentum as price moved away from its 20-period MA.

DAR Open Network/Tether (DUSDT) opened at $0.03137 at 12:00 ET-1 and reached a high of $0.03195 before closing at $0.02966 at 12:00 ET. The 24-hour volume totaled 2,945,006 and turnover reached $92.92 million, reflecting strong trading activity during the downward leg in the early morning.

Structure & Formations

The 15-minute candlestick chart revealed a bearish breakout from a consolidation pattern between $0.0312 and $0.0319 in the early hours of the session. A key support level at $0.0303 was breached with high volume, confirming bearish sentiment. A long-tailed bearish candle at $0.02966 in the afternoon ET marked a potential oversold condition and could signal near-term resistance. A bearish engulfing pattern formed between $0.03052 and $0.03036, suggesting a continuation of the downward move. A doji candle appeared at $0.03029 in the late afternoon, indicating indecision at lower levels.

Moving Averages

On the 15-minute chart, the 20-period MA (SMA) was bearishly aligned with the 50-period MA, confirming the downward momentum. Price closed below both averages, reinforcing the bearish bias. On the daily chart, price tested the 50-period and 100-period MAs, both of which were trending lower, suggesting a continuation of the bearish trend.

MACD & RSI

The MACD turned negative during the session, with the line crossing below the signal line and forming bearish divergence. The RSI fell into oversold territory, reaching as low as 29, indicating potential for a near-term bounce or consolidation. However, the bearish divergence in the MACD suggests that any rebounds should be approached with caution.

Bollinger Bands

Volatility expanded during the bearish breakout in the morning, with price dropping below the lower band at $0.02966. A period of low volatility preceded this move, with Bollinger Bands contracting between $0.0312 and $0.0319, indicating a period of indecision. Price remained within the bands for most of the session, suggesting that the move remains within expected bounds.

Volume & Turnover

Volume surged during the key support break at $0.0303 and again at $0.02966, confirming bearish sentiment. Turnover increased in line with volume, with the highest notional value occurring during the afternoon bearish leg. A divergence between rising volume and falling price in the morning suggests strong bearish conviction. However, the doji at $0.03029 indicated waning bearish momentum in the short term.

Fibonacci Retracements

Applying Fibonacci retracement to the 15-minute swing from $0.03195 to $0.02966, key levels at 38.2% ($0.0307) and 61.8% ($0.0303) acted as price pivots. Price bounced slightly at $0.0306 and tested the 61.8% level before closing below it. On the daily chart, a retracement from a recent high to the 61.8% level at $0.0304 showed similar bearish confirmation.

Backtest Hypothesis

A backtest hypothesis based on a breakout strategy from a 15-minute consolidation pattern could have triggered a sell signal when the lower boundary at $0.0303 was breached with above-average volume. A stop-loss could have been placed just above the consolidation high at $0.0319, and a target could have been set at 61.8% of the Fibonacci retracement at $0.0303. If executed, this strategy would have yielded a bearish position aligned with the observed move. However, the doji at $0.03029 suggests potential for a short-term bounce before the trend continues downward.