Market Overview for DAR Open Network/Tether (DUSDT) – 24-Hour Analysis as of 2025-09-17

• DUSDT formed a bullish reversal pattern at 0.03450 after a sharp drop, followed by a strong rally above 0.03550.
• 24-hour high of 0.03720 and low of 0.03455 indicate heightened volatility and trend instability.
• RSI reached overbought territory near 75, suggesting possible near-term resistance.
• Volume surged during the 00:30–00:45 ET window, aligning with a 4% price increase.
• Bollinger Bands showed a notable expansion post-00:00 ET, indicating a shift in market sentiment.

DAR Open Network/Tether (DUSDT) opened at 0.03490 on 2025-09-16 12:00 ET and closed at 0.03489 on 2025-09-17 12:00 ET. The price hit a 24-hour high of 0.03720 and a low of 0.03455. Total volume was 110.4 million units, with a notional turnover of $37.85 million, reflecting increased trading activity and price movement.

Structure & Formations

The 24-hour chart revealed a strong bearish impulse wave from 0.03720 to 0.03455, followed by a sharp bullish rebound. Key resistance levels appear to be forming around 0.03550 and 0.03580, while critical support levels are located at 0.03475 and 0.03450. Notably, a bullish engulfing pattern emerged between 09:30–09:45 ET, as the pair reversed from 0.03522 to 0.03507 and closed higher at 0.03488. A doji formed at 15:45 ET, suggesting indecision near 0.03461.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed twice during the early morning hours, indicating shifting momentum. By 07:45 ET, price had pulled above both MA lines and remained above for most of the day, suggesting short-term bullish momentum. On the daily chart, the 50-period MA crossed above the 200-period MA at 0.03532, signaling a potential trend reversal from bearish to bullish.

Backtest Hypothesis

A simple mean-reversion strategy using the 20-period MA and a 2% stop loss was backtested over the last 30 days. The strategy triggered a long signal at 0.03503 on 2025-09-17 at 07:45 ET and exited at 0.03489 at 12:00 ET, resulting in a 0.4% loss. While this outcome was negative, it aligns with the observed overbought RSI and diverging volume. A trailing stop loss could have captured the initial upward leg of the move before the consolidation phase.

MACD & RSI

The MACD indicator displayed a bullish crossover at 00:30 ET and remained in positive territory for most of the session, confirming the morning’s upward move. However, the RSI reached overbought levels around 75 at 01:30 ET, signaling potential exhaustion. A subsequent drop in RSI below 50 at 04:30 ET indicated bearish momentum, though the price remained range-bound for the remainder of the day.

Bollinger Bands

The Bollinger Bands showed a sharp expansion during the 00:30–00:45 ET window, coinciding with a 4% price increase. The price remained within the bands for the majority of the day, with a brief test of the upper band at 0.03550. By 12:00 ET, the bands had contracted slightly, suggesting a potential consolidation phase. This setup could indicate a temporary pause in trend momentum.

Volume & Turnover

Trading volume spiked during the 00:30–00:45 ET window, reaching 3.15 million units, with notional turnover surging to $1.12 million. This aligned with the initial upward move from 0.03560 to 0.03671. Volume declined significantly after 04:00 ET, suggesting reduced participation despite a range-bound price. Divergence between volume and price action after 05:00 ET could indicate weakening momentum and a potential reversal.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.03455–0.03720 swing, the 38.2% level at 0.03610 was tested twice and held as resistance. The 61.8% level at 0.03565 acted as a support zone, with price bouncing off it on two occasions. On the daily chart, the 50% retracement level at 0.03588 appears to be a key area to watch for potential continuation or reversal of the bullish trend.

Looking ahead, the price may continue to consolidate within the 0.03455–0.03580 range before attempting another directional move. Traders should monitor the 0.03550 and 0.03580 levels for possible breakout or breakdown signals. As always, volatility and volume changes could introduce unexpected directional shifts, so caution is warranted.