Market Overview for dForce/Tether (DFUSDT)

• dForce/Tether (DFUSDT) posted a modest 24-hour decline, closing near intraday lows amid bearish momentum.
• Key support at 0.01775 held, while resistance remains at 0.01846–0.01852, with a potential test pending near-term.
• Volatility expanded post-18:45 ET on 2025-10-29, but volume failed to confirm a breakout, signaling a possible consolidation.
• RSI and MACD trended lower, suggesting a potential continuation of the downtrend into the next session.
• A sharp drop below 0.0175 could trigger renewed bearish sentiment, while a rebound above 0.01816 may offer a short-term reprieve.

Price and Volume Snapshot

The dForce/Tether (DFUSDT) pair opened at 0.01802 on 2025-10-29 at 12:00 ET and closed at 0.01768 on 2025-10-30 at 12:00 ET, with a 24-hour high of 0.01848 and a low of 0.01732. The price action reflected a bearish bias, with the session closing 0.00034 (1.92%) below the opening level. Total traded volume amounted to 12,076,559.0 units, with notional turnover of approximately $216,163, assuming a $1 USDT value. The price appears to have exhausted key resistance levels during the late-night sell-off, with no immediate reversal signs.

Structure & Key Levels

Price action during the 24-hour window revealed a key bearish structure starting from the 0.01848 high, which occurred at 21:15 ET. A significant bearish breakout occurred below the 0.01816 level at 18:45 ET, followed by a sharp descent to the 0.01770 zone. A bearish engulfing pattern formed during this move, indicating a shift in momentum. A critical support level was observed at 0.01775–0.01778, where price consolidated twice, suggesting a possible floor. Resistance is currently at 0.01816–0.0182, with a more distant barrier at 0.01846–0.01852. A break above 0.01852 may signal a short-term retracement, but a sustained close above this level is unlikely without a volume increase.

Technical Indicators

The 20-period and 50-period moving averages (15-minute chart) crossed below the price during the late-night sell-off, indicating a bearish crossover. The 50-period MA is now positioned below the 20-period MA, further confirming a bearish bias. On the daily chart, the 50-period MA remains above the 200-period MA, indicating a longer-term neutral to slightly bullish stance, but the 15-minute chart is bearish in the short term.

MACD lines moved lower throughout the session, reflecting a decline in upward momentum. The RSI dipped into oversold territory below 30, but failed to generate a strong reversal, suggesting that the decline may continue in the near term. The RSI did not confirm a bullish divergence during the consolidation phase, reducing the likelihood of a near-term reversal.

Bollinger Bands expanded significantly after the 0.01816 breakdown, indicating a surge in volatility. Price has remained below the lower band during much of the 24-hour period, which is a bearish signal. If the price continues to trade below the 0.01775 level, it may test the lower band again, increasing the probability of a further selloff.

Volume and Turnover

Volume spiked during the critical breakdown phase at 18:45 ET, where the 15-minute candle recorded 1.87 million units traded. This was the largest single-volume candle in the dataset and coincided with a sharp price drop to 0.01770. However, the subsequent volume was lower, indicating a lack of follow-through buying. Notional turnover also declined after the 18:45 ET sell-off, despite the price staying below key levels for much of the session. This divergence suggests that traders may be cautious or waiting for further catalysts.

Fibonacci retracement levels applied to the 0.01848–0.01732 swing show 38.2% at 0.01798 and 61.8% at 0.01766. The price is currently trading near the 61.8% retracement level, which may offer a short-term floor or trigger a bounce if buyers re-enter the market. A break below this level could extend the move to the 0.0175 level, which is not a Fibonacci level but represents a psychological floor.

Backtest Hypothesis

Before proceeding with the backtest strategy, it is essential to clarify the correct trading pair. The current dataset does not align with a standard trading pair under the ticker “DFUSDT,” which may affect the accuracy of the RSI(14) series and the resulting backtest. Once the correct exchange and symbol format are confirmed—whether it’s Binance as “DF/USDT,” HTX as “DF-USDT,” or another identifier—the RSI series can be retrieved from 2022-01-01 to today. The backtest will then simulate an overbought sell strategy by detecting RSI > 70, entering a short at the next day’s open, and exiting after three trading days. This approach will allow for the calculation of risk-adjusted returns and the generation of an equity curve.