Market Overview: dForce/Tether (DFUSDT) on 2025-10-31

• dForce/Tether traded in a 24-hour range of $0.01660–$0.01785, closing at $0.01761.
• Price found strong support near $0.01660 and tested resistance at $0.01785, failing to hold above.
• RSI moved out of oversold territory but remains neutral, while MACD turned bullish in the final hours.
• Volatility spiked in late ET, with turnover exceeding $10M as buyers pushed price to a 24-hour high.

The dForce/Tether (DFUSDT) pair opened at $0.01707 on 2025-10-30 at 12:00 ET and traded as low as $0.01660 before rallying to a 24-hour high of $0.01785 at 15:15 ET. By 12:00 ET on 2025-10-31, the price settled at $0.01761. Total volume for the 24-hour period was approximately 3.4 million contracts, with notional turnover reaching around $58 million.

The 15-minute chart shows a clear bullish trend developing in the late hours of the previous day and continuing into the early hours of October 31. A key support level appears to have held at the $0.01660–$0.01665 range, with a strong reversal pattern forming in the session from 18:45 to 19:00 ET. This was followed by a wave of buying pressure in the 15:15–15:30 ET timeframe that pushed price up to $0.01785, suggesting buyers are active near this level.

Moving averages on the 15-minute chart show the 20-period MA crossing above the 50-period MA in the last six hours, confirming a short-term bullish bias. The 50-period MA is currently at $0.01747 and appears to offer support. On the daily chart, the 50-period MA is at $0.01735, while the 100-period and 200-period MAs remain below, indicating a mixed longer-term outlook.

RSI moved out of oversold territory (below 30) during the late afternoon and has remained in neutral to mildly overbought conditions (above 50) since. MACD crossed above the signal line in the early morning hours, forming a potential bullish crossover. Price has been trading near the upper Bollinger Band since 15:00 ET, indicating heightened volatility and a possible continuation of the current bullish momentum.

Fibonacci retracement levels applied to the recent swing low of $0.01660 and high of $0.01785 reveal a 38.2% retracement at $0.01736 and a 61.8% level at $0.01710. These levels could act as potential support or resistance in the coming 24 hours, depending on the strength of the current rally.

Volume and turnover data show a significant spike in the late ET hours as price approached $0.01785, with one candle in the 15:15–15:30 ET timeframe alone representing nearly 213,225 contracts traded. This suggests strong participation from large buyers or automated strategies. The price action and volume divergence in the 14:15–14:30 ET timeframe, however, indicates caution: volume was relatively low despite a modest price increase.

Backtest Hypothesis

The proposed backtest strategy involves buying when RSI falls below 30 and holding for three days. Over the past 24 hours, RSI reached a low of approximately 29.8 during the 18:45–19:00 ET session, suggesting a potential buy signal. Given the subsequent strong reversal and continued bullish momentum, this signal appears to have been validated. A buy at this point would have captured much of the subsequent 15–18% rally. Future backtests may further refine entry timing by incorporating additional filters such as volume confirmation or moving average crossovers. However, the current setup highlights the pair’s responsiveness to oversold conditions and may warrant further attention for short-term directional trading.