Market Overview for DIA/Tether (DIAUSDT) - October 8, 2025

• DIA/Tether (DIAUSDT) closed lower at 0.5426 after a 24-hour range from 0.5244 to 0.5491, showing bearish bias.
• Strong selling pressure seen in the midday ET range, with a 15-minute candle forming a bearish engulfing pattern.
• RSI remains in oversold territory, suggesting potential near-term bounce, but volume has declined.
• Volatility spiked in the last 3 hours before closing, with price approaching the 0.5481 Bollinger Band high.
• A key support level appears to be forming around 0.5305–0.5326, with a possible 61.8% Fib level at 0.5340.

DIA/Tether (DIAUSDT) opened at 0.5425 on October 7 at 12:00 ET, peaked at 0.5491, and closed at 0.5426 on October 8 at 12:00 ET, with a 24-hour low of 0.5244. Total volume across the 24-hour period was approximately 2,566,380.6, with a notional turnover of around $1,343,660. Price action shows a bearish consolidation, with key resistance forming around 0.5481–0.5491 and support emerging near 0.5305–0.5326.

Structure & Formations

The past 24 hours have displayed a bearish structure, with DIAUSDT forming a large bearish engulfing pattern during a midday sell-off. A long-bodied bearish candle from 0.5408 to 0.5272 (19:45–20:00 ET) marked a key reversal moment. A doji was observed near 0.5337 at 22:30 ET, signaling potential indecision after a rapid decline. Fibonacci retracement levels from the recent swing high at 0.5491 and low at 0.5244 show 38.2% at 0.5386 and 61.8% at 0.5340, with the latter acting as a key pivot for near-term direction.

Moving Averages

On the 15-minute chart, the 20-period MA was bearish at 0.5390, and the 50-period MA hovered around 0.5365. Price closed below both, reinforcing bearish momentum. The 200-period daily MA stands at 0.5400, with DIAUSDT testing but not breaking the key 50-period daily MA, which currently rests around 0.5375. A crossover below 0.5375 could confirm a broader bearish trend.

MACD & RSI

The MACD crossed into negative territory late on October 7 and maintained bearish momentum throughout the 24-hour period, with a histogram showing increasing bearish divergence. RSI has remained in oversold territory for the last 4 hours, currently at 28.5, suggesting a potential bounce from the 0.5305–0.5326 support range. However, RSI’s inability to rise above 40 may indicate a continuation of the bearish phase.

Bollinger Bands

Bollinger Bands expanded significantly during the late-night sell-off, with the lower band settling near 0.5244. Price closed near the upper band at 0.5481 during a brief rally, indicating high volatility and potential overbought conditions. The current mid-band sits at 0.5366, with the upper band at 0.5481 and lower band at 0.5251—price remains in a wide band structure, suggesting a continuation of the current directional trend is likely.

Volume & Turnover

Volume surged during the midday sell-off, with the 15-minute candle from 20:00–20:15 ET showing a large 161,770.3 volume spike. The highest notional turnover occurred during the same period at $43,800. Divergences between price and volume were minimal, but the final 4-hour consolidation showed declining volume, which could indicate a pause in aggressive selling. However, the total volume remains healthy for trend continuation.

Fibonacci Retracements

Applying Fibonacci retracements to the swing from 0.5244 to 0.5491, DIAUSDT has tested the 61.8% level at 0.5340 and appears to be consolidating near the 38.2% at 0.5386. A breakout above 0.5386 could trigger a rally toward 0.5418, whereas a breakdown below 0.5340 may accelerate the move toward 0.5290–0.5272. These levels provide clear short-term directional signals.

Backtest Hypothesis

A potential backtesting strategy could involve entering a long position on DIAUSDT when price breaks above the 0.5386 Fib level with confirmation of rising volume and a bullish MACD crossover. Conversely, a short entry could be triggered on a breakdown below 0.5340 with bearish divergence in RSI and MACD. This strategy aligns with the observed structure and could be refined using stop-loss and trailing take-profit parameters based on daily volatility and Bollinger Band width.