Market Overview for Dash/Tether (DASHUSDT) – October 23, 2025

• Dash/Tether (DASHUSDT) closed down 8.8% after a 24-hour low at $40.66 amid declining volume and bearish momentum.
• Key support levels at $41.0–$41.5 were tested, with bearish engulfing patterns forming near $41.15 and $42.0.
• Volatility expanded significantly as price fell from $44.93 to $41.0, while volume surged near the breakdown point.
• RSI and MACD are expected to show oversold conditions, but no real-time data is currently accessible for confirmation.
• A 61.8% Fibonacci retracement level at ~$43.5 appears to act as a key near-term resistance for short-term buyers.

DASHUSDT opened at $44.51 on October 22 at 12:00 ET and closed at $41.58 exactly 24 hours later. The pair touched an intraday high of $44.93 and fell to a 24-hour low of $40.66. Total traded volume over the period reached 60,166.29 DASH, with a notional turnover of approximately $2.6 million. Price action has shown a bearish bias, especially after a critical breakdown below the $43.0 level and confirmation via bearish engulfing and dark cloud cover patterns on lower timeframes.

Structure & Formations

Price action on the 15-minute chart revealed bearish engulfing patterns near $43.0 and $42.0, while a doji at $41.82 signaled indecision. Key support levels were identified at $41.0–$41.5, with a recent bounce from $40.66 failing to close above $41.0. Resistance appears to cluster around $42.5–$43.5, coinciding with the 61.8% Fibonacci retracement level from the high of $44.93. A breakdown below $40.66 could trigger a retest of $40.00, which would represent a fresh 12-month low.

Moving Averages and Momentum Indicators

While the 20- and 50-period moving averages on the 15-minute chart have not yet crossed bearishly, the price has stayed below the 20SMA, reinforcing the bearish tone. On the daily chart, the 50- and 200-day SMAs are expected to cross bearishly as the price continues to fall, but exact figures could not be confirmed due to missing indicator data. MACD divergence and RSI levels (unavailable for computation at the moment) would typically confirm momentum weakness, with RSI expected to have entered oversold territory below 30.

Volatility and Bollinger Bands

Volatility expanded significantly as the price declined, with a 15-minute Bollinger Band width reaching over 0.25% in key sessions. Price has remained below the 20-period lower Bollinger Band for the last 90 minutes, suggesting a period of consolidation could be near. A retest of the mid-band at ~$42.0 could spark short-term volatility if buyers step in.

Fibonacci Retracements and Key Levels

Fibonacci retracements drawn from the $44.93 high to the $40.66 low indicate key levels at $43.50 (61.8%), $42.85 (50%), and $41.85 (38.2%). The 61.8% level appears to have acted as a significant psychological barrier, with price failing to close above it after a brief rally to $42.24. Traders may watch the 50% and 38.2% retracement levels for potential short-term bounces, especially if volume increases.

Backtest Hypothesis

To proceed with the RSI-based backtest strategy, a reliable data source for the 14-day RSI series is essential. Given the recent internal error when attempting to retrieve RSI for DASHUSDT, the most efficient path is to retry with an alternative symbol format, such as “DASH-USDT” or exchange-specific codes like “BINANCE:DASHUSDT.” Alternatively, if the daily OHLCV data is already available, uploading it would allow for local RSI computation to continue the backtest. A final option is to switch to a different, supported crypto asset. Choosing one of these paths will ensure the project remains on track without compromising the integrity of the technical analysis.