Market Overview for DAR Open Network/Tether (DUSDT) – 24-Hour Analysis as of 2025-10-08

• DUSDT traded in a narrow range most of the day before breaking higher with elevated volume late in the session.
• A key breakout above 0.0308 triggered renewed buying pressure, suggesting a possible short-term bullish reversal.
• Volatility expanded in the final hours, with price peaking at 0.03164 and closing near intraday highs amid strong volume.
• RSI moved into overbought territory, while MACD showed a bullish crossover, supporting momentum.
• Bollinger Bands widened, confirming the increase in volatility and potential continuation of the recent move.

DAR Open Network/Tether (DUSDT) opened at 0.0308 on 2025-10-07 at 12:00 ET and closed at 0.03126 on 2025-10-08 at the same time. The 24-hour high was 0.03164, and the low was 0.02998. Total volume reached 11.23 million, with a notional turnover of approximately $347,700. The asset exhibited a late-day breakout and strong accumulation in the final hours.

Structure & Formations

DUSDT displayed a notable breakout above 0.0308 late in the session, forming a bullish engulfing pattern on the 15-minute chart. Key support levels were identified at 0.0305 and 0.0303, with resistance forming at 0.0309–0.0311. A doji appeared near 0.03057, indicating indecision before the breakout. The price has since pushed past the upper resistance cluster, suggesting a possible continuation to the next level at 0.0314–0.0316.

Moving Averages

On the 15-minute chart, price closed above both the 20-period and 50-period moving averages, reinforcing the bullish bias. The 50-period MA is now at 0.03082, while the 20-period sits at 0.03094. On the daily chart, the price remains above the 50-period and 100-period moving averages, with the 200-period at 0.03035 acting as a medium-term support.

MACD & RSI

The MACD turned bullish in the final hours, with a crossover of the signal line and a positive histogram. RSI climbed into overbought territory (above 60), signaling strong momentum, though not yet in extreme overbought levels. This suggests continued upward momentum is possible, but caution is warranted as overbought conditions may invite a short-term pullback.

Bollinger Bands

Bollinger Bands widened significantly in the final hours, with price closing near the upper band, suggesting strong volatility and potential for further gains. The lower band sat at 0.0301, while the upper band extended to 0.0316 at the peak. Price remains within the bands, indicating no immediate signs of a breakdown or exhaustion.

Volume & Turnover

Volume surged in the final 4.5 hours, particularly after the breakout above 0.0309. The highest hourly volume occurred at 15:45 ET, with 2.01 million units traded. Notional turnover spiked to $64,380 during this period, confirming strong conviction in the upward move. Volume and price are aligned, indicating a high degree of bullish participation.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing from 0.02998 to 0.03164, the 61.8% retracement level is at 0.03066, which is close to the 50-period MA. The 38.2% level is at 0.03098, where the price consolidated briefly before breaking higher. These levels will now serve as potential support/resistance as the asset continues to trade in the new range.

Backtest Hypothesis

A backtest strategy could be built around the breakout above the 0.0308 level confirmed by the bullish engulfing pattern and aligned MACD crossover. A potential entry point would be on the close above 0.0308 with a stop-loss placed below 0.0304 (a key support level). A target could be set at 0.0314–0.0316, with an exit on a close below 0.03066 or upon RSI entering overbought territory. This approach leverages volume confirmation, pattern alignment, and trend-following indicators for a high-probability trade.