Market Overview for Dymension/Tether (DYMUSDT) as of 2025-09-18

• DYMUSDT opened at $0.224 and closed at $0.248, with a 24-hour high of $0.255 and a low of $0.221.
• Strong upward momentum seen after midday ET, with price rising from ~$0.234 to over $0.25 in early evening ET.
• Notional turnover surged to ~$3.8M with key resistance near $0.25–$0.255 and support at $0.238–$0.242.
• A bullish engulfing pattern formed after 14:30 ET, confirming a shift in market sentiment.
• Volatility expanded during the rally, pushing price above the upper Bollinger Band by 16:00 ET.

Dymension/Tether (DYMUSDT) opened at $0.224 on 2025-09-17 at 12:00 ET and closed at $0.248 at 12:00 ET on 2025-09-18. The 24-hour high and low were $0.255 and $0.221 respectively. Total volume reached 13.8 million DYM, with a notional turnover of approximately $3.8 million.

The 15-minute chart revealed strong bullish momentum forming after 14:00 ET, with a sharp rally pushing price above key resistance levels. Price action showed a bullish engulfing pattern after 14:30 ET, signaling a potential continuation of the rally. Notably, the 20-period and 50-period moving averages were bullish, with the 50-period moving above the 20-period. A clear breakout above the upper Bollinger Band occurred by 16:00 ET, indicating high volatility and strong buyer participation.

Structure & Formations

Key support levels were identified at $0.238 and $0.242, while resistance appeared to form between $0.25 and $0.255. A bullish engulfing pattern formed after 14:30 ET, indicating a shift in market sentiment from bearish to bullish. Several doji patterns appeared during the early hours of 2025-09-18, suggesting indecision among traders, but they were quickly resolved with a sharp rally.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart were both bullish, with the 50-period line moving above the 20-period. This crossover reinforced the upward momentum. On the daily chart, the 50-period MA was above the 100-period and 200-period lines, suggesting a longer-term bullish trend. Price traded comfortably above the 50-period MA for much of the session.

MACD & RSI

The MACD turned positive after 14:00 ET and showed a strong bullish divergence. The RSI surged above 60 into overbought territory by 16:00 ET, indicating strong momentum but raising the risk of a short-term pullback. However, the sustained buying pressure and volume suggest that the overbought condition may persist for a while before a correction.

Bollinger Bands

Volatility increased significantly during the rally, with price pushing above the upper Bollinger Band by 16:00 ET. This expansion suggests high trader activity and potential continuation of the move. The narrowing of the bands earlier in the session indicated consolidation before the breakout, which has now resolved in favor of the bulls.

Volume & Turnover

Volume spiked sharply during the rally between 14:00–16:00 ET, confirming the strength of the move. Notional turnover reached $3.8 million, with the highest turnover occurring during the 15:30–16:30 ET window. There were no significant divergences between price and volume, suggesting broad participation in the upward move.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from $0.221 to $0.255, key retracement levels include 38.2% at $0.238 and 61.8% at $0.244. Price held above the 61.8% level for much of the session, indicating strong support. On the daily chart, Fibonacci levels from the previous week’s swing suggest potential resistance at $0.26 and $0.27, with support at $0.22 and $0.23.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions when the 20-period MA crosses above the 50-period MA, confirmed by a bullish engulfing pattern and rising volume. The trade could be exited at the upper Bollinger Band or when RSI crosses above 70, signaling overbought conditions. Stop-loss placement could be set below the most recent support level, such as $0.242. This approach aligns with the observed price action and may provide a statistically viable entry and exit framework for DYMUSDT.