Market Overview for dForce/Tether (DFUSDT): Key Levels and Divergences Emerge in 24-Hour Session

• dForce/Tether (DFUSDT) opened at $0.028 and closed at $0.02753, with a 24-hour high of $0.02847 and low of $0.0275.
• Price experienced a bearish reversal trend after hitting a late-night peak, with a notable volume spike at the top.
• RSI indicated overbought levels early in the session, followed by a rapid decline into oversold territory.
• Volatility expanded mid-session as price diverged from turnover, raising bearish divergence signals.
• A strong downward move from $0.028 to $0.0275 was supported by Fibonacci retracement levels, suggesting a potential continuation.

dForce/Tether (DFUSDT) opened at $0.028 on 2025-09-16 12:00 ET and closed at $0.02753 by 2025-09-17 12:00 ET. The pair reached a high of $0.02847 and a low of $0.0275 during the 24-hour window. Total volume amounted to 4,697,824.0 contracts, with notional turnover of approximately $133,933.00 at close prices.

Structure & Formations

The candlestick pattern over the last 24 hours suggests a bearish reversal after a sharp rally. A key high was formed at $0.02847 during the early morning hours, followed by a pullback that saw the price close below critical support levels. Notable patterns include a hanging man near the high and a shooting star, both suggesting weakening bullish conviction. A potential support level appears to have formed around $0.0277–$0.0278, which may act as a near-term floor.

Moving Averages and MACD

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly, reinforcing the downward trend. The 50-period MA has dipped below the 20-period, indicating a shift in short-term momentum. The MACD line turned negative mid-session, with a bearish crossover in the latter half, amplifying the bearish bias. The histogram showed a widening divergence between price and momentum, suggesting that the move could continue into the next 24 hours.

RSI and Bollinger Bands

The RSI started the session at overbought levels (~75) but quickly dropped into oversold territory (~30) by late afternoon. This rapid decline indicates a possible exhaustion in the bearish move, though it may also reflect a strong reversal rather than an overreaction. Price action has been trading below the lower Bollinger Band for several hours, signaling increased volatility and a high probability of a rebound or continuation of the downtrend depending on volume context.

Volume & Turnover

Volume spiked significantly around the high of $0.02847, suggesting a potential top formation. However, the price failed to hold above this level despite strong volume, indicating weak conviction. Turnover increased in tandem with volume, but the price did not respond with a corresponding rally, pointing to a bearish divergence. As price declined, volume dropped off, indicating fading momentum, though this could signal a consolidation phase rather than a reversal.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing high at $0.02847 and the subsequent low at $0.0275 shows that the current price of $0.02753 is near the 61.8% retracement level. This area is historically significant and may either halt the decline or confirm bearish continuation if the price breaks below $0.0275. Key levels to watch over the next 24 hours include $0.0275 (61.8%) and $0.0273 (78.6%).

Backtest Hypothesis

The provided backtest strategy could benefit from using the observed Fibonacci levels and RSI divergence as entry triggers. A short position could be considered when the RSI drops below 35 and the price breaks below the 61.8% retracement level, with a stop-loss placed just above the recent high at $0.02815. The target would be $0.0273 or $0.0272, depending on the strength of the move. Given the bearish MACD and weak volume confirmation, the setup appears favorable for a short-term bearish trade with defined risk parameters.