Market Overview: dForce/Tether USDt (DFUSDT)

• Price rallied from 0.02612 to a high of 0.02733 amid expanding volume and bullish momentum.
• A key 0.02635–0.02655 range acted as support/resistance multiple times, with 0.02635 being tested and held five times.
• MACD showed a bullish crossover and RSI remained below overbought, indicating potential for further upward momentum.
• Bollinger Bands widened as the price moved above the upper band, signaling heightened volatility.
• Turnover surged over $22 million, with volume peaking at 1,315,067 at 18:45 ET as the price dropped sharply.

dForce/Tether USDt (DFUSDT) opened at 0.02637 on 2025-09-04 at 12:00 ET. The 24-hour candle reached a high of 0.02733 and a low of 0.02612, closing at 0.02709 as of 12:00 ET. The total traded volume was 9,306,385 and the notional turnover stood at $249,548,582.

Structure & Formations

The 15-minute candlestick data revealed several key levels. A strong support area formed around 0.02635, where the price bounced multiple times between 18:45 ET and 03:00 ET. A critical resistance level was identified around 0.0265–0.0266, where the price stalled in early sessions before breaking out later. Notable patterns included a bullish engulfing pattern at 00:30–00:45 ET, signaling a strong reversal, and a doji at 02:15–02:30 ET, indicating indecision.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed above the 50-period line around 03:00–03:30 ET, confirming a shift to bullish momentum. On the daily chart, the 50-period moving average is rising above the 100-period line, suggesting a longer-term bullish trend is forming.

Backtest Hypothesis

Using the identified 0.02635 support and 0.0265–0.0266 resistance levels, a simple breakout strategy could be backtested. Entering long on a close above 0.0265 and exiting at 0.02635 would align with the observed trend. Given the volume spikes and MACD crossover, the 00:30–00:45 ET bullish engulfing pattern offers a strong candidate for entry. A trailing stop at the 0.0268–0.0270 level would help capture further upside while managing risk.

MACD & RSI

The MACD line crossed above the signal line at 03:00–03:30 ET, confirming a bullish momentum shift. The RSI remained between 50–60 for much of the session, with a brief dip near 45 as the price pulled back to 0.02635–0.0264. The indicator did not enter overbought territory (above 70), suggesting there is room for further upward movement.

Bollinger Bands

Bollinger Bands showed a period of contraction between 19:00–20:00 ET, followed by a sharp expansion as the price surged. By 04:00–05:00 ET, the price had moved above the upper band, indicating a breakout. The bands remained wide, signaling elevated volatility and reinforcing the bullish bias.

The forward-looking view suggests continued upward movement in the short term, with a possible test of the 0.0273–0.0276 level as the next target. However, a retest of the 0.02635–0.0264 range is likely to occur, offering a potential opportunity for a second entry or a consolidation phase. Investors should monitor volume behavior and RSI levels to confirm momentum shifts.