Market Overview for Dego Finance/Tether (DEGOUSDT) – September 25, 2025

• DEGOUSDT fell 0.32% over 24 hours, closing near the low of the range amid bearish momentum.
• RSI approached oversold levels, suggesting potential for a short-term rebound.
• Volatility expanded during overnight hours, with increased volume observed after 00:00 ET.
• Price tested the 1.217–1.221 support zone multiple times, with a key break below 1.213 observed.
• A bearish trendline from 1.251 has held as resistance since the early morning dip.

Dego Finance/Tether (DEGOUSDT) opened at 1.242 on September 24 at 12:00 ET, reached a high of 1.254, fell to a low of 1.207, and closed at 1.230 at 12:00 ET on September 25. Total volume amounted to 96,885.8, while total turnover (notional value) was approximately $116,863. The pair has shown a bearish bias over the 24-hour period, marked by increasing bearish conviction and a late-day rebound attempt.

Structure & Formations

Price action on DEGOUSDT revealed a bearish breakdown from the 1.251–1.248 resistance area early in the morning, confirming a bearish trend. The breakdown was followed by a consolidation phase around 1.222–1.217, where multiple tests occurred. A long bearish candle formed at 02:15 ET, confirming the shift in sentiment. Later, a bullish reversal pattern emerged near 1.207 at 15:45 ET, suggesting possible support. A key support zone formed around 1.213–1.217, with a breakdown below that level observed. A doji at 05:15 ET near 1.213 hinted at indecision.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart both crossed below key support levels, reinforcing the bearish bias. The 50-period MA currently sits above 1.225, while the 20-period MA is near 1.221, indicating a short-term bearish alignment. On the daily chart, the 50-period MA is at 1.235 and the 100-period at 1.24, both above the current price, suggesting that DEGOUSDT may be entering a medium-term downtrend. The 200-period MA, at 1.248, continues to act as a key resistance line.

MACD & RSI

The MACD has remained negative for the majority of the 24-hour period, with bearish crossovers occurring after the initial breakdown. A bearish divergence was observed between price and MACD as volume increased during the early morning dip. The RSI, while showing a slight bounce to 38, is still near oversold levels, indicating potential for a near-term rebound. However, given the bearish trendline in place, such a rebound may be short-lived.

Bollinger Bands

Volatility expanded significantly between 00:00 and 04:00 ET, with price breaking out of the upper and lower Bollinger Bands. Price spent most of the session below the lower band, indicating strong bearish pressure. A contraction in the bands occurred near 07:30 ET, followed by a sharp move upwards. Current price remains within the lower half of the bands, with the 20-period volatility line at 1.225. This suggests continued bearish momentum.

Volume & Turnover

Volume increased significantly after the breakdown at 02:15 ET, with over 23,000 units traded in that candle, suggesting strong conviction in the bearish move. Turnover also spiked during the same period, aligning with the price move. A divergence between volume and price was observed during the 07:00–09:00 ET consolidation period, where volume was lower despite a rebound in price. This may indicate a lack of follow-through in the bounce.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from 1.254 to 1.207, the 38.2% retracement is at 1.232 and the 61.8% at 1.226. Price closed near 1.230, just above 38.2% retracement, suggesting a possible short-term bounce. On the daily chart, key Fibonacci levels from a recent high of 1.252 to a low of 1.207 point to critical support at 1.225 (38.2%) and 1.218 (61.8%). A breakdown below 1.218 could trigger a move toward 1.200 levels.

Backtest Hypothesis

The backtest strategy described involves entering a short position when price breaks below a 20-period moving average on the 15-minute chart, with a stop-loss placed just above the recent swing high. A long position is triggered when RSI falls below 30 and a bullish reversal candle forms, with a target set at the nearest Fibonacci retracement level. The strategy could have captured the bearish move from 1.254 to 1.207 and the short-lived rebound near 1.230. However, the high volatility and frequent divergences in volume suggest that risk management should be tightly applied to avoid false signals.