Market Overview for dForce/Tether (DFUSDT) on 2026-01-08

Summary
• dForce/Tether trades in a tight 0.01172–0.01207 range, with key support near 0.0117 and resistance at 0.01203.
• Price closed near 0.01181 after a bearish 5-minute reversal pattern emerged at 0.01201.
• Volume spiked above 300k at 0.01207 but failed to sustain momentum, hinting at bearish exhaustion.
• RSI near 30 suggests short-term oversold conditions, while Bollinger Bands show moderate volatility.
• Turnover fell by ~30% in the final 6 hours, aligning with a declining bid-taker ratio.

The dForce/Tether (DFUSDT) pair opened at 0.01192 on 2026-01-07 at 12:00 ET and closed at 0.01181 on 2026-01-08 at 12:00 ET, reaching a high of 0.01207 and a low of 0.01166. Total volume for the 24-hour window was 4,046,688, while notional turnover reached $47,468.

Structure & Formations

Price action displayed a bearish reversal pattern near 0.01201 at 02:15 ET, followed by a retest of the 0.01195–0.01197 support zone that held. A key support level appears near 0.0117, where price found a floor in the final 2.5 hours.

Moving Averages

On the 5-minute chart, the 20-period MA dipped below the 50-period MA, forming a potential death cross. On the daily chart, price hovered near the 50-period MA, with the 100 and 200-period MAs acting as dynamic support below 0.0118.

Momentum and Volatility

Relative Strength Index (RSI) dipped below 30 in the final 3 hours, suggesting oversold conditions. Bollinger Bands showed moderate volatility throughout, with price hovering near the lower band during the final 6 hours, suggesting potential for a rebound.

Volume and Turnover

Volume peaked at 249,029 at 0.01207, but price failed to sustain that level. Notional turnover declined sharply after 06:00 ET, dropping from ~$1,300 at 06:30 to ~$150 by 12:00 ET. Divergence between price and turnover may indicate waning conviction in the bearish trend.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.01166–0.01207 swing, price found a key 61.8% level at 0.01182, which coincided with the close. A retest of the 38.2% retracement at 0.01192 is possible in the next 24 hours.

Looking ahead, the pair could test 0.0117 and 0.01185 as potential support/resistance zones. Traders should monitor volume behavior at 0.0118–0.01185, as divergences may hint at a reversal. As always, price action near these levels could be volatile, and stop-loss placement is advised.