Market Overview for DAR Open Network/Tether (DUSDT): 24-Hour Analysis

• Price declined from a high of $0.02058 to a 24-hour low of $0.01674 amid bearish momentum and heavy volume.
• Key support at $0.0185–$0.0187 tested multiple times with mixed price action and volume confirmation.
• MACD and RSI signaled oversold conditions near $0.01674, suggesting a potential rebound or consolidation.
• Bollinger Bands expanded sharply during the late-night drop, highlighting heightened volatility.
• Turnover surged dramatically on the descent, particularly in the 3.5 hours preceding the 15:45 ET low.

DAR Open Network/Tether (DUSDT) opened at $0.02007 on 2025-11-02 at 12:00 ET and reached a high of $0.02058 before closing at $0.01865 at 12:00 ET on 2025-11-03. The 24-hour total volume was 76,549,270 and the total turnover was approximately $1,611,069 (based on volume × mid-price estimate). A sharp sell-off in the early morning hours led to a significant decline, with oversold RSI and diverging volume suggesting potential near-term reversal risk.

Structure & Formations

The price action revealed a strong bearish bias through a series of lower highs and lower lows, with a key support zone forming around $0.0185–$0.0187. This zone was tested four times, including two instances where volume increased during the tests, suggesting possible accumulation. A notable bearish engulfing pattern appeared around $0.02005–$0.01999, signaling a shift in momentum. A long lower shadow during a rebound from $0.01859 to $0.0186 indicated buying pressure, but not enough to break through the overhead resistance.

Moving Averages

On the 15-minute chart, the price closed below the 20-period and 50-period moving averages, reinforcing the bearish bias. The 20SMA at $0.0202 and 50SMA at $0.0201 both acted as resistance during earlier attempts at recovery. On the daily scale, the 50DMA, 100DMA, and 200DMA are aligned above the current price level, supporting a broader bearish trend. A break below the 50DMA at $0.0203 would suggest deeper bearish continuation.

MACD & RSI

The RSI fell to a low of 24.1 at $0.01674, indicating oversold conditions and hinting at a short-term bounce. However, the divergence between the RSI and price during the descent (price made lower lows, RSI did not) suggests bearish momentum is still intact. The MACD line turned negative and crossed below the signal line, reinforcing the bearish signal. A closing rally to $0.0190 could bring a MACD crossover to the bullish side, but that would require a strong reversal.

Bollinger Bands

Bollinger Bands widened significantly during the sell-off, with the price bottoming near the lower band at $0.01674. This expansion in volatility suggests a high-pressure move downward, likely driven by large market participants. The price has since retracted to the middle band and may test it for a potential bounce. A move back toward the upper band would require a bullish reversal and a sharp reversal in sentiment.

Volume & Turnover

Volume spiked during the initial breakdown phase, especially in the 3-hour window between 22:00 and 01:00 ET, confirming the bearish move. Turnover followed suit, with the lowest turnover occurring during the early morning rebound phase. The divergence between rising price and declining turnover during the rebound suggests weak demand. The total volume of 76.5 million coins traded shows strong participation, especially for a smaller altcoin like DUSDT, and the pattern aligns with a high-impact sell-off.

Fibonacci Retracements

Applying Fibonacci to the major daily swing from $0.02058 to $0.01674, the 38.2% retracement level is at $0.01884 and the 61.8% level at $0.01799. The price has bounced from the 61.8% level and may test the 50% level at $0.01916. A break above that could signal a short-covering rally, but the current structure suggests a continuation to the 38.2% level before any meaningful reversal.

Backtest Hypothesis

Given the bearish structure and key support levels identified, a backtest strategy focusing on bearish engulfing patterns would be appropriate for DUSDT. Such patterns typically form when a large bearish candle follows a smaller bullish one, indicating a reversal in sentiment. A one-hour holding strategy could be applied by entering short positions on confirmation of these patterns with stops placed above the recent high of the pattern. This strategy aligns with the observed bearish momentum and volume confirmation, particularly in the late-night sell-off. Divergences in the RSI and MACD also offer potential signals for early entries or exits.