Market Overview for Dego Finance/Tether (DEGOUSDT) – 2025-10-14

• Dego Finance/Tether (DEGOUSDT) rose 3.8% over 24 hours, closing near a 7-day high.
• Volatility spiked after 00:00 ET with a bullish breakout above 0.94, supported by rising volume.
• RSI near overbought territory, suggesting possible pullback, while MACD remains bullish.
• Bollinger Bands show price retesting the upper band, indicating potential for short-term continuation.
• A strong Bullish-Engulfing pattern formed around 00:15 ET, with subsequent confirmation above key resistance.

Dego Finance/Tether (DEGOUSDT) opened at 0.893 on 2025-10-13 at 12:00 ET and closed at 0.970 on 2025-10-14 at 12:00 ET. The pair reached a high of 1.017 and a low of 0.889 over the 24-hour period. Total volume was 5.98 million units, with notional turnover of approximately $5.73 million.

On the 15-minute chart, the pair formed a strong Bullish-Engulfing pattern at 00:15 ET, with volume confirming the breakout. Price then tested and held above 0.94, a key resistance level from earlier in the week. The 20-period EMA and 50-period EMA crossed above 0.90, supporting the bullish bias. A small bearish divergence emerged in the late morning session, as volume declined despite a continuation in price gains, suggesting caution ahead.

MACD remains bullish with a positive histogram and a zero-line cross at 00:45 ET. RSI entered overbought territory (~70) during the morning, signaling potential for a near-term correction. Bollinger Bands showed a moderate expansion, with price near the upper band, indicating high volatility. The 0.94–0.96 zone appears to be a critical pivot area, with a 61.8% Fibonacci retracement of the 0.889–1.017 swing at 0.953 providing further support.

The 15-minute chart suggests the market may consolidate in the 0.94–0.97 range before attempting a higher breakout. A close above 0.967 (23.6% retracement level) could trigger further upside toward 0.98–1.00. However, a drop below 0.945 would indicate a potential pullback. Investors should watch for volume confirmation and divergence in RSI to gauge the strength of the current bullish momentum.

Backtest Hypothesis: The Bullish-Engulfing pattern identified at 00:15 ET may serve as a valid entry signal. To test this, a 3-day-hold strategy can be applied. If the signal occurs on a 15-minute candle, the position is entered at the open of the next candle and held for 72 hours (approximately 96 15-minute candles). Using the provided OHLC data, a backtest would evaluate the performance of this pattern across the past 24 hours and potentially validate its efficacy in capturing the morning breakout.