Market Overview for dForce/Tether (DFUSDT) on 2025-09-25

• dForce/Tether (DFUSDT) declined over the last 24 hours, closing near a 24-hour low after forming bearish patterns.
• Volume surged during the downturn, confirming bearish momentum, with turnover peaking during sharp sell-offs.
• RSI signaled oversold conditions near the close, suggesting potential for a short-term bounce.
• Price traded below key moving averages, indicating continued pressure on the pair.
• Bollinger Bands widened early in the session before contracting, signaling a potential range-bound phase ahead.

dForce/Tether (DFUSDT) opened at 0.02577 on 2025-09-24 at 12:00 ET and closed at 0.02468 on 2025-09-25 at 12:00 ET, hitting a high of 0.02593 and a low of 0.02419. Total volume for the 24-hour period was 14.52 million, with a notional turnover of approximately $362,000.

Structure & Formations

Price formed several bearish candlestick patterns over the 24-hour period, including a shooting star near 0.02593 and a bearish engulfing pattern at 0.0255. A long lower shadow at 0.02504 also signaled strong bearish sentiment. Notably, the price failed to reclaim key resistance levels above 0.0255, with the 0.0255 level acting as a strong psychological and technical support-turned-resistance. A strong bearish trend appeared to emerge after the 23:30 ET session, as price accelerated toward the intraday low.

Moving Averages

On the 15-minute chart, price closed below both the 20- and 50-period moving averages, confirming bearish momentum. On the daily chart, price was also below the 50, 100, and 200-day moving averages, reinforcing the bearish bias. This indicates that medium- and long-term traders have remained on the sidelines or taken short positions in the pair.

MACD & RSI

The MACD showed a bearish crossover with the signal line during the early hours of the session, supporting the downward move. RSI hit oversold levels by the close of the 24-hour period, reaching 25, suggesting a possible short-term reversal could be near. However, the slow RSI divergence indicated that bearish momentum had been strong and consistent for most of the session.

Bollinger Bands

Volatility expanded in the early hours of the session, with price moving toward the upper band before collapsing into a contraction phase by the evening. The narrowing of the bands suggests a potential breakout or reversal could occur in the near term. Price closed near the lower Bollinger Band, signaling increased bearish pressure and the possibility of further downside.

Volume & Turnover

Volume surged during the downward price movement, particularly after 23:30 ET, with a single candle on 09:30 ET showing a massive volume spike of 671,798 contracts. This high volume on the bearish move confirmed the strength of the selloff. Notional turnover also spiked during the same period, indicating significant participation from large traders. A divergence between price and turnover during the late hours of the session may suggest a potential exhaustion of the bearish move.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute swing from 0.02593 to 0.02419, key retracement levels include 38.2% at 0.02502 and 61.8% at 0.02465. Price found a temporary pause near the 61.8% level during the final hours, suggesting it may act as a short-term floor. On the daily chart, the 50% retracement level remains distant, but the 61.8% level appears to offer the most immediate support for the pair.

Backtest Hypothesis

A potential backtesting strategy could involve entering a short position when price breaks below the 61.8% Fibonacci level, with a stop-loss placed above the 38.2% level. Traders may also consider using RSI as a trigger, entering only when RSI falls below 30 to filter out weaker bearish signals. Given the recent bearish momentum and confirmed support levels, this strategy could be backtested using historical data from similar bearish cycles in the pair.