Market Overview for DAR Open Network/Tether (DUSDT)

Summary
• DUSDT fell from 0.01606 to 0.01466, forming bearish patterns and breaking key support.
• Volume surged during the decline, confirming downward momentum.
• RSI and MACD indicate oversold conditions, suggesting a potential short-term bounce.
• Bollinger Bands show increased volatility, with price near the lower band.
• Turnover diverged slightly from price late in the session, hinting at possible buying interest.

DAR Open Network/Tether (DUSDT) opened at 0.01592 on 2025-12-24 at 12:00 ET, reached a high of 0.01606, a low of 0.01466, and closed at 0.01491 on 2025-12-25 at 12:00 ET. The 24-hour trading session saw a total volume of 97,767,920 units and a notional turnover of approximately $1,466,519 (based on average trade price).

Structure & Formations

Price action revealed several bearish patterns, including a bearish engulfing pattern early in the session and a long lower shadow near key support at 0.0152. The breakdown below 0.0155 confirmed a shift in sentiment, with price finding short-term support at 0.01466. This level may act as a near-term floor or trigger further declines if breached.

Moving Averages

On the 5-minute chart, the 20-period MA crossed below the 50-period MA, reinforcing the bearish bias. Daily moving averages (50/100/200) are not directly applicable here due to limited daily data, but the trend remains consistent with bearish momentum.

MACD & RSI

The MACD line turned negative late in the session, aligning with the price drop. RSI dipped below 30, indicating oversold conditions. This suggests a potential short-term bounce, though the broader trend remains bearish. A failure to close above 0.0155 could extend the downturn.

Bollinger Bands

Volatility expanded sharply as price hit the lower Bollinger Band at 0.01466. This suggests increased uncertainty and a potential reversal. Traders may look for a retest of this level, with a failure to hold it likely leading to a deeper correction.

Volume & Turnover

Volume spiked during the price drop, particularly between 19:00 and 21:30 ET. Notional turnover rose in line with the falling price, confirming the bearish move. However, a divergence appeared late in the session—price continued down while turnover growth slowed—hinting at possible exhaustion and a short-term pause.

Fibonacci Retracements

Applying Fibonacci to the major 0.01606–0.01466 move, price appears to find support near the 38.2% level at around 0.0154 and the 61.8% level at approximately 0.0149. The 0.01491 close aligns closely with the 61.8% retracement, suggesting this level may hold in the near term.

Traders may anticipate a temporary bounce as the market tests the 0.0149–0.0154 range over the next 24 hours, particularly if RSI gains steam. However, caution is warranted, as a break below 0.01466 could trigger renewed selling pressure and test deeper supports.