Market Overview for dForce/Tether (DFUSDT) – 2025-09-19

• Price declined from 0.02950 to 0.02806 amid rising volume and bearish momentum.
• Volatility expanded late in the session, with a sharp drop in the final 15-minute candle.
• MACD and RSI signaled weakening momentum, suggesting potential oversold conditions.
• Bollinger Bands showed a recent expansion, indicating increased price uncertainty.
• Notable support levels formed around 0.0286–0.0288 and 0.0281–0.0283.

DFUSDT opened at 0.02905 on 2025-09-18 at 12:00 ET and closed at 0.02806 on 2025-09-19 at 12:00 ET. The 24-hour high was 0.02950, while the low was 0.02786. Total volume amounted to 18,456,723.0, and notional turnover reached $525,762.00.

The price action on DFUSDT displayed a strong bearish bias over the past 24 hours. The initial bullish attempt to push above 0.02920 failed, leading to a broad sell-off that accelerated after 03:00 ET. The session ended with a deep bearish candle forming at 0.02806, which suggests potential exhaustion in the rally and a test of support near 0.0280–0.0282. A bearish engulfing pattern is visible on the 15-minute chart as price closed below the prior candle’s open, indicating continued selling pressure.

Key support levels appear to be forming around 0.0286–0.0288 and 0.0281–0.0283, with Fibonacci retracements from the 0.02950–0.02806 swing indicating critical 38.2% and 61.8% levels at 0.02900 and 0.02846, respectively. Resistance levels are visible above 0.0288 and 0.0290, where volume has historically been higher, suggesting accumulation and potential reversal points if bullish momentum returns.

The RSI closed near oversold territory (38), while the MACD line crossed below the signal line, confirming bearish momentum. Bollinger Bands show a recent expansion, indicating heightened volatility and uncertainty. The volume profile also suggests strong bearish conviction, with increased turnover during the sell-off phase. Price remains within the lower half of the Bollinger Band, hinting at a possible continuation of the downtrend unless a strong reversal occurs.

The backtesting strategy described aims to identify high-probability reversal points using a combination of RSI (14) and MACD (12,26,9) signals, particularly in overbought or oversold conditions. The strategy would look for RSI dipping below 30 while the MACD line is below the signal line and diverging, as occurred in the last 15-minute candle. If these conditions align with Fibonacci support levels, the strategy triggers a long entry with a stop loss just below the 0.0280 level. Given the current setup, the next 24 hours could see a test of this support and a potential bounce if buyers step in. However, caution is warranted if the sell-off continues below 0.0280.