Market Overview for Dent (DENTUSDT): 24-Hour Summary and Technical Outlook

• DENTUSDT fell 10.3% in 24 hours, with bearish momentum dominating after a sharp sell-off from 0.000773 to 0.000707.
• Key support at 0.000703–0.000705 appears resilient, with consolidation forming near that range.
• High volume during the sell-off suggests significant distribution, while buyers have yet to show conviction.
• RSI remains in oversold territory, hinting at potential short-term bounce, but trend remains bearish.
• Bollinger Bands show moderate volatility with price near the lower band, indicating a possible bounce or continuation.

Dent (DENTUSDT) opened at 0.000755 on 2025-07-31 12:00 ET, reaching a high of 0.000773 and a low of 0.000703 before closing at 0.000707 on 2025-08-01 12:00 ET. Total volume was 1,208,841,479.0, and total turnover was approximately $854,000.

Structure & Formations

DENTUSDT formed a strong bearish trend over the past 24 hours, with price breaking below key resistance levels and finding support around 0.000703–0.000705. A series of lower highs and lower lows confirm a downtrend. A potential bullish reversal pattern may form if price stabilizes above this support zone.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages are both in bearish alignment, with the 20-period below the 50-period. On the daily chart, the 50-period MA is below the 100- and 200-period MAs, reinforcing the bearish bias.

MACD & RSI

The MACD has been negative for most of the 24-hour period, confirming bearish momentum. RSI has remained in oversold territory (below 30) for the past 6 hours, suggesting a potential short-term bounce, though a sustained recovery is unlikely without a strong volume-based reversal.

Bollinger Bands

Bollinger Bands have widened during the sell-off, indicating increased volatility. Price is currently near the lower band, which may offer a short-term bounce point. However, without a strong close above the middle band, the downtrend is likely to continue.

Volume & Turnover

Volume spiked during the sell-off from 0.000773 to 0.000707, indicating significant distribution. However, volume has declined in recent hours as price consolidates near 0.000707. Notional turnover has also dropped, suggesting reduced urgency among traders.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.000773 to 0.000707, the 38.2% retracement level is at 0.000737 and the 61.8% at 0.000751. Price has yet to test these levels, and a move back toward them would require a significant reversal.

Looking ahead, DENTUSDT may test the 0.000703–0.000705 support zone for consolidation or a potential bounce. A break below this level could extend the decline toward 0.00069–0.000685. Traders should remain cautious, as volume and momentum have not confirmed a bullish reversal, and bearish pressure remains strong.