Market Overview for DAR Open Network/Tether (DUSDT) on 2025-11-07

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Friday, Nov 7, 2025 12:49 am ET1min read
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- DUSDT rose 1.03% on 2025-11-07 with $93.38M volume, showing bullish continuation patterns near 0.01904–0.01910 resistance.

- RSI approached overbought levels (60–70) and MACD turned positive, confirming sustained upward momentum with Bollinger Bands expansion.

- Strong buying at key resistance and 38.2% Fibonacci support suggests potential continuation, with 50-period MA (0.01880) aligning with short-term trends.

- Traders advised to monitor 0.01845 support and consider long positions above 50-period MA with trailing stops at 20-period MA for risk management.

Summary
• DUSDT rose 1.03% on elevated volume and showed bullish continuation patterns.
• Price tested 0.01890–0.01910 resistance with strong buying near 0.01904–0.01910.
• RSI approached overbought territory and MACD turned positive, suggesting sustained momentum.

DAR Open Network/Tether (DUSDT) opened at 0.01754 on 2025-11-06 at 12:00 ET and closed at 0.01904 as of 2025-11-07 at 12:00 ET. The 24-hour range was 0.01737 to 0.01919, with a total volume of 4901065.0 and total turnover (notional value) of approximately $93.38 million. Price action indicates a strong upward bias as buyers defended key resistance levels in the final hours of the cycle.

On the 15-minute chart, price action formed a bullish engulfing pattern between 0.01855 and 0.01865, followed by a trend continuation formation near 0.01885–0.01905. Notable support levels include 0.01845 and 0.01829, while resistance appears clustered near 0.01904–0.01910. The 20-period moving average is currently at 0.01865, and the 50-period MA at 0.01880, showing a narrowing gap in favor of the short-term trend.

Bollinger Bands expanded as price approached the upper band in the final hours of the 24-hour period, indicating rising volatility and strong demand. RSI crossed 60 and approached 70, suggesting short-term overbought conditions. MACD (12,26,9) turned positive and moved into bullish territory, with a rising histogram confirming sustained momentum. Price has also found support near the 38.2% Fibonacci retracement level of the 0.01737–0.01919 swing, suggesting a potential continuation of the upward move.

Volume increased significantly in the late hours, with the largest notional turnover spike occurring at 0.01904–0.01910 as buyers absorbed sell pressure. The positive divergence between price and volume suggests confirmation of the bullish trend. Traders should monitor whether price holds above 0.01845 in the next 24 hours, as a breakdown may trigger a retest of the 0.01829 level.

The Backtest Hypothesis builds on the technical signals identified. A potential strategy could involve entering long positions when price closes above the 50-period moving average on the 15-minute chart and RSI crosses above 50, with stops placed below the nearest Fibonacci support. A trailing stop at the 20-period MA could help lock in gains during extended uplegs. This approach would align with the observed momentum and continuation patterns from the past 24 hours.