Market Overview: dForce/Tether (DFUSDT) – Strong 24-Hour Rally Amid High Volatility

• dForce/Tether (DFUSDT) closed at 0.02749, up from 0.02667, forming a bullish 24-hour trend.
• Price surged past 0.0274 resistance multiple times, signaling strong upward momentum.
• Volatility picked up after 19:30 ET, with volume spiking to 688,267 contracts.
• RSI climbed to 60–65, suggesting moderate strength but not overbought territory.
• Bollinger Bands expanded post-19:30, aligning with a breakout phase.

The dForce/Tether (DFUSDT) pair opened at 0.02667 on October 2, 2025, and closed at 0.02749 by 12:00 ET on October 3, 2025, marking a bullish 24-hour trend. Price reached a high of 0.02756 and fell to a low of 0.02675. Total trading volume amounted to 6,969,062 contracts, while notional turnover reached approximately $188,625, assuming an average price of $0.02733. The market displayed a clear upward shift, particularly in the second half of the 24-hour window.

Structure & Formations

DFUSDT experienced a notable bullish breakout above 0.0274 resistance, which had previously held as a key level on multiple 15-minute candles. A series of bullish engulfing patterns emerged between 19:30 and 20:30 ET, with the candle at 19:30 ET (0.02744–0.02749) forming a key confirmation. A doji appeared at 04:30 ET (0.02705), suggesting indecision amid consolidation. Key support levels were identified at 0.02688 and 0.02675, while resistance levels formed at 0.02715, 0.0273, and 0.02744.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both crossed below the price at the start of the session, suggesting bearish bias. However, by 19:30 ET, the 20-period MA caught up with and crossed above the 50-period MA, forming a golden cross that signaled a shift in momentum. On the daily chart, the 50-period MA sits at 0.02721 and the 200-period MA at 0.02708, with price currently above both, indicating a mildly bullish short-term bias.

MACD & RSI

The MACD crossed above the signal line around 19:30 ET and remained positive for much of the session, aligning with the bullish price action. RSI fluctuated between 55 and 65, indicating moderate strength without entering overbought territory. A bullish divergence was noted in the last 4 hours of the session, where price made higher lows while RSI bottomed out at 57 before rebounding, suggesting strong buying pressure.

Bollinger Bands

Bollinger Bands widened significantly after 19:30 ET, coinciding with a breakout and increased volatility. Price traded above the upper band for several hours, confirming a strong bullish move. The upper band reached as high as 0.02759, while the lower band sat at 0.02694, with the center line (20-period SMA) at 0.02727. This suggests an ongoing expansion in volatility and a continuation of the bullish trend.

Volume & Turnover

Volume surged during the breakout phase, peaking at 688,267 contracts at 20:30 ET. Notional turnover increased in line with volume, showing strong alignment between price and on-chain activity. There were no signs of volume divergence; rather, volume confirmed the bullish move. A spike in volume at 05:45 ET (52,714 contracts) coincided with a pullback to 0.02696, indicating a healthy distribution of selling pressure.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level of the previous downward swing was at 0.02706, which price held above. On the daily chart, the 38.2% and 61.8% retracements of the last major downwave were at 0.02715 and 0.02730, respectively. Price broke above 0.02730 mid-session, reinforcing a bullish bias.

Backtest Hypothesis

A potential backtesting strategy could involve a breakout system triggered by price crossing above the upper Bollinger Band while the 20-period MA crosses above the 50-period MA. Given the 2025-10-03 session's data, this would have triggered entry at 19:30 ET or shortly after, with a stop loss placed below the 0.02710 level. A target could be set at the next Fibonacci resistance at 0.02738 or the 0.02756 high. This approach would aim to capture the continuation of the bullish trend seen in the 4-hour period following the breakout, with the MACD and RSI confirming the momentum.