Market Overview for Decred/Tether (DCRUSDT) on 2025-09-18

• Decred/Tether (DCRUSDT) rose from $16.65 to $17.27 in the last 24 hours, with a 1.4% volume spike in the final 45 minutes of trading.
• A bullish engulfing pattern formed at $16.62–$16.64 early in the session, followed by a 61.8% Fibonacci retracement at $17.16 that acted as support.
• RSI hit 68 at 14:30 ET, indicating overbought conditions, while MACD crossed zero in a bullish divergence with price.
• Volatility expanded significantly as Bollinger Bands widened after 22:00 ET, with price staying within the upper band for most of the night.
• Turnover was $3,114,000, with a notable volume divergence during the 05:30–06:30 ET pullback suggesting ongoing buyer interest.

Price Summary and Volume Dynamics

Decred/Tether (DCRUSDT) opened at $16.65 on 2025-09-17 at 12:00 ET and closed at $17.26 at the same time on 2025-09-18. The 24-hour range extended between $16.55 and $17.27, with a closing gain of $0.61 or 3.7%. Total volume for the session was 12,189.87 DCR, while notional turnover reached $208,123.75 USD. The price action accelerated toward the end of the day, with strong buying pressure evident in the final hour of the session.

Structure & Key Levels

Price broke above a key resistance zone formed between $16.95 and $17.05, with a bullish engulfing candle forming at $16.62–$16.64 early in the session. A 61.8% Fibonacci retracement at $17.16 served as support during a pullback at 05:30 ET. A bullish divergence was observed as price pulled back to $17.13 while volume remained strong. The $17.18–17.22 range has formed a new short-term consolidation zone, suggesting possible near-term resistance.

Moving Averages and Volatility

The 15-minute chart shows the price above its 20- and 50-period moving averages for most of the session, confirming a strong upward bias. On the daily chart, the 50-period MA is approaching the 100-period MA, but remains below the 200-period MA, indicating a recovery phase from prior bearish conditions. Bollinger Bands widened significantly after 22:00 ET, with price staying near the upper band during the final 45 minutes, suggesting increased volatility and buyer dominance.

Momentum and Sentiment

MACD crossed zero with a bullish signal during the 07:00–07:45 ET period, coinciding with a price breakout above $17.05. RSI peaked at 68 at 14:30 ET, indicating overbought conditions, but failed to trigger a significant reversal, suggesting strong conviction among buyers. A bearish divergence occurred briefly at 05:30 ET as RSI declined while price remained steady, but was quickly absorbed by a rebound.

Volume and Turnover Analysis

Volume surged to 1,654.37 DCR at 19:45 ET and again to 524.09 DCR at 07:00 ET during a sharp pullback. These spikes were accompanied by $28,500 USD in turnover, indicating aggressive trading activity. A notable divergence occurred during the 05:30–06:30 ET pullback as price declined to $17.13 while volume remained moderate, suggesting accumulation rather than capitulation. Overall, volume was up 18% from the previous 24-hour period, with a positive skew in notional turnover.

Fibonacci Retracements and Support/Resistance

Applying Fibonacci levels to the $16.55–$17.27 swing, the 61.8% level at $17.16 acted as strong support during a 05:30 ET retracement. The 38.2% level at $17.22 has since become a key resistance, with price failing to break above it during the final hour. On the daily chart, the $17.27 level is aligned with the 61.8% retracement of the previous week’s bearish swing, potentially acting as a short-term ceiling unless volume confirms a breakout.

Backtest Hypothesis

Given the strong momentum observed in the MACD and RSI, as well as the volume behavior during pullbacks, a potential backtest strategy could involve entry on a bullish divergence in RSI or a close above the 50-period MA on the 15-minute chart, with a stop-loss placed just below the 61.8% Fibonacci support level. This would allow for capturing short-term bullish continuation after consolidation. Exit signals could be based on either a rejection at the 38.2% Fibonacci level or a MACD bearish crossover.