Summary
•
traded in a descending pattern, with key resistance at 0.01345 and support near 0.01315.
• Momentum waned as RSI dipped below 50, with MACD bars shrinking.
• Volatility expanded around 0.01335, with Bollinger Bands widening after a period of consolidation.
• Volume surged mid-day, but price failed to hold above 0.01338.
• A bearish engulfing pattern formed near 0.0134, signaling potential downside.
DAR Open Network/Tether (DUSDT) opened at 0.01345 on 2026-01-09 12:00 ET, reached a high of 0.01346, fell to a low of 0.01314, and closed at 0.01338 as of 2026-01-10 12:00 ET. Total volume was 6,845,642.0 and notional turnover amounted to 90,218.09.
Structure & Formations
DUSDT displayed a descending bias throughout the 24-hour period, with the price consolidating below the 0.01345 resistance level and failing to retest it meaningfully. A bearish engulfing pattern formed near 0.0134 in early ET hours, which may signal a short-term correction. Key support levels at 0.01335 and 0.01315 were tested, with the 0.01315 level showing signs of strengthening in the final hours of the period.
Volatility and Moving Averages
Bollinger Bands widened in the 0.01335–0.01345 range as price swung between key levels, indicating rising volatility.
The 20-period and 50-period moving averages on the 5-minute chart remained bearish, with the 20-period line below the 50-period line, reinforcing a downward bias. The 200-period daily MA (not calculated here) would likely also be bearish if the broader trend continues.
Momentum and Indicators
RSI dipped below 50 during mid-day ET, confirming weakening bullish momentum. MACD lines remained in negative territory with shrinking bars, indicating a potential slowdown in bearish pressure. A divergence between volume and price emerged in the late hours, with volume increasing but price failing to make a convincing move above 0.01338, suggesting potential indecision ahead.
Volume and Turnover
Volume spiked around 18:30–19:00 ET and again in the early morning hours of 10 January, though these spikes failed to support higher prices. The highest 5-minute volume was 583,423.0, coinciding with a strong downward leg to 0.01316. Turnover also surged during this time, but price failed to follow through, hinting at potential distribution or profit-taking.
Implications and Forward View
DUSDT appears to be consolidating within a bearish trend, with key support at 0.01315 and resistance at 0.01345. A break below 0.01315 could trigger further downward correction, while a retest of 0.01345 may fail without significant volume. Investors should watch for a sustained move above 0.01338 as a potential short-term bullish signal. However, with RSI below 50 and MACD in bear territory, a continuation of the current bias is likely unless a strong bullish catalyst emerges.
Comments
No comments yet