Market Overview: DUSDT Sees Prolonged Bearish Bias Amid Weak Momentum

Summary
• DUSDT broke below key support at 0.01265, signaling bearish momentum.
• Volume surged in the 02:00–03:00 ET window, confirming downward pressure.
• RSI and MACD show declining bullish force, hinting at further near-term weakness.
• Price consolidation below 0.01279 suggests bearish bias into tomorrow.
• Bollinger Band contraction suggests potential for a breakout or continuation.

DAR Open Network/Tether (DUSDT) opened at 0.01279 (12:00 ET – 1), reached a high of 0.01294, and fell to a low of 0.0122, closing at 0.01249 (12:00 ET). Total 24-hour volume was 8.27 million, with a turnover of $1,029,678. The price action has shown a prolonged bearish trend amid weakening momentum.

Structure & Formations

Price tested and fell below a key 5-minute support level at 0.01265, with a bearish engulfing pattern at 0.01266–0.01259 confirming the breakdown.

A long-bodied candle at 0.01266–0.01259 suggests conviction in the bearish move. The 20-period 5-minute moving average has also crossed below the 50-period line, reinforcing the downtrend. On the daily chart, the 50-period MA sits near 0.01275, which may act as resistance in the near term.

MACD & RSI

The MACD has turned negative and is trending lower, suggesting continued bearish momentum. RSI has moved into oversold territory (30–35), though it is not showing a rebound in price. This suggests a lack of buyers and could lead to further downside before a potential bounce.

Bollinger Bands

Volatility expanded early in the session, with the bands widening past 0.00016. Price has since moved into the lower band and is showing signs of consolidation within a narrow range, which may precede a breakout or continuation of the bearish bias.

Volume & Turnover

Volume spiked significantly during the 02:00–03:00 ET window, reaching a high of 492,604 with a turnover of $61,695, supporting the downward move. However, volume has since declined, indicating reduced conviction and potential exhaustion in the short term.

Fibonacci Retracements

On the 5-minute chart, a recent swing from 0.01294 to 0.01220 places the 61.8% retracement at 0.01246, very close to the current price. This suggests a potential area of consolidation or reversal, though the RSI does not yet show strong bullish divergence.

Looking ahead, DUSDT may consolidate near 0.01245–0.01249 for the next 24 hours. A break below 0.0123 could reignite bearish momentum. Traders should monitor volume for signs of renewed selling pressure or buying interest, particularly at key Fib levels.