Market Overview for Dymension/Tether USDt (DYMUSDT)

• Price for Dymension/Tether USDt fell 1.8% over 24 hours amid bearish momentum and declining volume.
• A key support at 0.220–0.222 held through the night session but failed in the afternoon.
• RSI remains in neutral territory, while MACD shows bearish divergence with price.
• Volume spiked during the afternoon selloff, confirming bearish sentiment.
• Bollinger Bands show moderate volatility with price closing near the lower band.

Dymension/Tether USDt (DYMUSDT) opened at 0.224 on 2025-09-10 at 12:00 ET and traded as high as 0.232 before closing at 0.220 at 12:00 ET on 2025-09-11. Total volume for the 24-hour period was 10,168,458.3, while total turnover was approximately 2,237,060.5 USD. Price action showed a bearish bias with a key support level being tested multiple times.

Structure & Formations

DYMUSDT has experienced a bearish bias over the past 24 hours, with price failing to hold above 0.224 and retreating to 0.220. A bearish engulfing pattern formed during the 2025-09-10 19:30 to 2025-09-10 19:45 period, confirming the short-term bearish move. A doji candle formed around 0.222–0.223 at midday, signaling indecision and potential exhaustion. Key support levels are now at 0.220–0.222, while resistance is forming near 0.224–0.225.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bearish, with price consistently trading below both. On the daily chart, the 50-period and 100-period MAs have converged slightly, but the 200-period MA is still above, suggesting a longer-term bearish bias. Price has remained below all key MAs for the past day, indicating ongoing selling pressure.

MACD & RSI

The MACD line has turned bearish, crossing below the signal line in the afternoon. While the histogram has shrunk slightly, it remains negative, suggesting bearish momentum is still in place. The RSI remains in neutral territory around 50, not showing overbought or oversold conditions. However, bearish divergence has emerged between the RSI and price, hinting at possible further downside.

Bollinger Bands

Bollinger Bands have shown moderate volatility over the past 24 hours, with price closing near the lower band at 0.220. A contraction in the bands occurred around 0.222–0.223 during midday, followed by a breakout to the downside in the afternoon. This suggests a potential continuation of the bearish move.

Volume & Turnover

Volume has spiked significantly during the afternoon selloff, especially between 19:30 and 21:00 ET on 2025-09-10, confirming the bearish move. Turnover has also increased, supporting the move lower. The volume and turnover patterns show no significant divergence from price action, reinforcing the bearish bias.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 0.224 to 0.220, the 61.8% level is at 0.221, which has been tested and failed. On the daily chart, a larger swing from 0.224 to 0.218 places key retracement levels at 0.221 (38.2%), 0.220 (50%), and 0.218 (61.8%). The current price is near 0.220, suggesting the possibility of a retest of the 0.218 level in the next 24 hours.

Backtest Hypothesis

The bearish engulfing pattern and doji candle, combined with the bearish divergence in the MACD and RSI, align with a potential short-selling strategy. A backtest could involve entering short positions on confirmation of a bearish engulfing pattern with RSI below 60, and managing risk with a stop loss near the 0.224 level. This would aim to capture the continuation of the bearish move seen in the afternoon session. The convergence of the 20-period and 50-period MAs also supports the use of this strategy, as the price remains below both and is likely to continue to the next key support level at 0.218.