Summary
•
formed a bearish engulfing pattern at 0.01334, followed by a 0.6% decline toward 0.01311.
• RSI dropped below 30, suggesting oversold conditions, while volume surged during the downward move.
• Bollinger Bands contracted in the overnight hours, indicating potential for a breakout.
• Price found short-term support near 0.01308, with Fibonacci retracements suggesting a potential bounce.
DAR Open Network/Tether (DUSDT) opened at 0.01333 on January 10, 2026, and traded between 0.01334 and 0.01307 before closing at 0.01311 on January 11. Total volume reached 3,687,706.0, with notional turnover of approximately 49,048.53 USD.
Structure and Key Levels
DUSDT showed a bearish engulfing pattern at 0.01334, signaling a potential shift in sentiment. Price then broke below a key support at 0.01322, leading to a consolidation around 0.01308. This level has held as a floor, with Fibonacci retracements suggesting a 38.2% retest near 0.01319 could be a target for a short-term bounce.
Trend and Momentum
The 5-minute MACD turned negative, confirming a shift in momentum, while RSI dipped below 30, pointing to oversold conditions. However, bearish momentum appears to be weakening, with volume rising alongside price declines. This could signal a potential reversal if bulls can reclaim 0.01316 on a sustained basis.
Volatility and Distribution
Bollinger Bands showed a narrowing in the overnight hours, suggesting a period of consolidation. This could lead to a breakout in either direction in the next 24 hours, particularly if the 0.01316–0.01322 range holds. Volume has been concentrated during downswings, pointing to stronger selling pressure.
DUSDT appears poised for a short-term correction within a tighter range, with oversold RSI levels hinting at a potential rebound. However, traders should remain cautious of a further test of the 0.01303 level. Volatility may rise as Bollinger Bands expand, offering potential for both longs and shorts depending on breakouts.
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