Market Overview for DAR Open Network/Tether USDt (DUSDT) – September 5, 2025

• Price rose 0.71% over 24 hours from $0.0308 to $0.03176
• Momentum shifted upward after 07:00 ET with a 1.4% gain in 4.5 hours
• Volume spiked to 667,672 at 14:30 ET amid a sharp pullback
• RSI entered overbought territory mid-day but closed in neutral territory
• Key support held at $0.0308, but resistance tested at $0.03195

The DAR Open Network/Tether USDt pair (DUSDT) opened at $0.0308 at 12:00 ET–1, reached an intraday high of $0.03226, and closed the 24-hour period at $0.03176 at 12:00 ET. Total traded volume was 5,448,198 units, with notional turnover amounting to $172.67. Price action shows a strong upward bias late in the previous session and early in the new day, followed by a consolidation period and a sharp pullback after midday.

Structure & Formations

Price formed a bullish engulfing pattern at 07:00–07:15 ET, marking a turning point after a consolidation phase. A bearish reversal pattern emerged around 14:30–14:45 ET, coinciding with the highest volume spike. Key support levels held at $0.0308 and $0.0311, while resistance was tested at $0.03195 and $0.03218.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed to the upside in the early morning, supporting the bullish breakout. However, the 50-period line began to flatten as the price consolidated and pulled back in the afternoon.

MACD & RSI

The MACD crossed into positive territory at 06:30 ET and maintained a bullish signal until 13:30 ET. RSI rose to overbought levels (70+) at 08:45 ET but retreated to neutral territory by the end of the session. Momentum appears to be waning following the sharp pullback, suggesting a possible near-term correction.

Bollinger Bands

Volatility increased sharply between 07:00 and 09:00 ET, with price peaking near the upper band. A contraction occurred in the early afternoon, followed by a strong expansion after 14:30 ET as the pullback accelerated. Price closed near the upper band in the early morning session and near the midline by the end of the 24-hour period.

Volume & Turnover

Volume remained elevated throughout the session but spiked dramatically at 14:30 ET during the sell-off. Notional turnover aligned with volume increases, suggesting genuine participation. Divergence between rising price and declining volume in the late morning may have foreshadowed the midday reversal.

Fibonacci Retracements

On the 15-minute chart, the 07:00–09:00 ET rally saw a 38.2% pullback at $0.03165 and a 61.8% retest at $0.03135. Daily Fibonacci levels from a prior bear leg indicate $0.0312 and $0.0323 as critical support and resistance levels, respectively.

Backtest Hypothesis

A potential backtesting strategy could focus on using the 15-minute MACD crossover as a signal, combined with a bullish engulfing pattern confirmation. Traders might enter long on a close above the upper Bollinger Band at 07:15 ET and exit short on a breakdown below the 20-period moving average. A stop-loss near the 0.618 Fibonacci level at $0.03135 could manage risk effectively. Given the recent divergence and volume spikes, incorporating volume confirmation with candlestick patterns may enhance signal reliability.