Market Overview for Dego Finance/Tether (DEGOUSDT) on 2026-01-06

Summary
• Price surged 6.1% on 5-minute chart, forming bullish engulfing and hammer patterns.
• Key resistance appears at $0.534–0.537, with support near $0.528–0.525.
• Volume spiked during 20:30–21:00 ET, confirming break above 0.53, while turnover diverged at 04:30 ET.
• RSI (14, 5m) peaked at 62, suggesting moderate momentum; Bollinger Bands show expanding volatility.

Dego Finance/Tether (DEGOUSDT) opened at $0.523 on January 5, 2026, and traded between $0.52 and $0.537 over the 24-hour period, closing at $0.537 as of 12:00 ET on January 6. Total 24-hour volume was 215,565.53, with notional turnover of $113,042.20.

Structure & Key Levels

Price found strong support at $0.525–0.528 and pushed higher after a bullish engulfing pattern at 18:30 ET. A hammer formed at 06:45 ET as the price rebounded from $0.529. Resistance clusters are visible at $0.533 and $0.537. Fibonacci retracement levels suggest a potential pullback target near $0.532 on a 5-minute retracement from $0.537.

Momentum and Volatility

The RSI on the 5-minute chart showed rising momentum, reaching 62, indicating moderate bullish pressure. MACD crossed into positive territory after 20:30 ET, confirming the upward thrust. Volatility expanded significantly between 20:30 and 04:45 ET, as reflected in wide Bollinger Bands, suggesting a period of aggressive buying followed by consolidation.

Volume and Turnover Analysis

Volume peaked at 49,115.94 at 20:30 ET, aligning with the breakout above $0.531. However, at 04:30 ET, price surged to $0.533 while volume dropped, signaling potential divergence. Total turnover was unevenly distributed, with over 40% of the 24-hour notional value traded between 20:30 and 01:00 ET.

Forward-Looking View

Dego Finance may test $0.537 as a key resistance level in the coming 24 hours, with a potential pullback to $0.532 expected if consolidation occurs. Traders should remain cautious around $0.528–0.525 for a reversal signal, especially if volume does not confirm further buying.