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Summary
• Price climbed from 0.01314 to 0.01356 amid strong volume, forming a bullish engulfing pattern near 0.0134.
• RSI reached 58, suggesting rising momentum but not overbought levels, while MACD turned positive.
• Volatility expanded, with Bollinger Bands widening, and volume surged 15–20x on key bullish moves.
• A 61.8% Fib level near 0.01329 appears to offer strong near-term support following a sharp retracement.
• Turnover surged after 0.01340, confirming the recent breakout, but divergences may hint at consolidation risks.
24-Hour Performance at a Glance
DAR Open Network/Tether (DUSDT) opened at 0.01314 on 2026-01-08 12:00 ET and closed at 0.01340 on 2026-01-09 12:00 ET, reaching a high of 0.01365 and a low of 0.01314. Total 24-hour volume amounted to approximately 13.36 million, with notional turnover of ~$69,145.
Structure & Momentum
The pair formed a strong bullish engulfing pattern around 0.0134 after a pullback from 0.01345. A key 5-minute doji emerged at 0.01335, hinting at indecision. On the 20-period 5-minute moving average, price has remained above, with the 50-period line catching up. The RSI rose to 58, suggesting rising momentum but not extreme overbought levels.

Volatility and Volume Dynamics
Volatility expanded throughout the session, particularly after 09:15 ET, with a sharp move to 0.01365. Bollinger Bands widened, indicating increased market uncertainty. Volume surged in line with the breakout, especially around 0.01340, confirming bullish conviction.
Fibonacci and Key Levels
A 61.8% Fibonacci retracement level at 0.01329 held as support, suggesting potential for a continuation or consolidation phase. The 50-period EMA on the 5-minute chart crossed above the 20-period line, forming a potential golden cross.
Looking Ahead
DUSDT appears poised to test the 0.0136–0.0137 range, with the 50-period 5-minute MA supporting further gains. However, a pullback to the 0.01335–0.01340 range could trigger consolidation. Investors should monitor volume for confirmation and watch for a potential bearish divergence if RSI fails to rise with higher closes.
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