Market Overview for Dogecoin/Tether (DOGEUSDT)

• Price formed a bullish reversal after falling below $0.2290, reclaiming key levels by late ET.
• Volume spiked during the 17:30–18:30 ET rally, confirming bullish momentum with 122.8M DOGE traded.
• RSI entered overbought territory near 72, hinting at potential near-term pullback, but MACD remained strong.
• Bollinger Bands expanded, indicating rising volatility, with price consolidating near the upper band at 0.2336.
• 20SMA crossed above 50SMA in late session, forming a short-term bullish bias for the next 24 hours.

At 12:00 ET–1 on 2025-09-26, Dogecoin/Tether (DOGEUSDT) opened at $0.22703 and traded between $0.22679 and $0.23333, closing at $0.23244 by 12:00 ET on 2025-09-27. Total traded volume reached 439,936,013 DOGE, with a notional turnover of $100.9 million (calculated at average $0.2295).

Structure & Formations

DOGEUSDT formed a bullish ascending triangle during the 19:30–03:00 ET period, with a support floor at $0.2300 and a resistance ceiling at $0.2335. A bearish engulfing candle emerged at 19:15 ET, followed by a bullish engulfing pattern at 22:30 ET, signaling a reversal in sentiment. A key support area is forming near the 0.2290 level, while resistance sits at the 0.2330–0.2335 cluster. A doji appeared at 02:15 ET, suggesting indecision after a rally.

Moving Averages and Fibonacci Retracements

On the 15-minute chart, the 20SMA crossed above the 50SMA at 00:00 ET, forming a golden cross and reinforcing short-term bullish momentum. On the daily chart, the 50DMA currently sits at $0.2295, below the 100DMA at $0.2312 and the 200DMA at $0.2325, indicating a bullish bias. Fibonacci retracement levels from the 0.22679–0.23325 swing show 0.2316 (38.2%), 0.2327 (50%), and 0.2333 (61.8%) as key watchpoints for the next 24 hours.

MACD & RSI

The MACD turned positive after 00:00 ET, with a rising histogram confirming bullish momentum. The RSI reached 71 near 04:00 ET, entering overbought territory, which may indicate a near-term correction to 0.2310 or 0.2305. However, as long as the RSI remains above 50, bullish momentum is intact.

Volume & Turnover

Volume spiked significantly at 17:30 ET and remained elevated through 03:00 ET, with notable spikes at 22:30 and 02:30 ET. The highest turnover occurred during the 17:30–18:30 ET rally, where $43.2 million was traded. Price and turnover aligned during this period, confirming the bullish breakout. A divergence appears in the late-night period (01:30–02:30 ET), where price rose slightly but volume dipped, suggesting weakening momentum.

Volatility and Bollinger Bands

Bollinger Bands expanded from 00:00–04:00 ET, indicating rising volatility. Price remained near the upper band at 0.2336, a strong signal of continued bullish pressure. A contraction is expected near the 0.2310–0.2320 range, which could set up a potential breakout or retest of key support/resistance.

Backtest Hypothesis

Given the recent bullish engulfing patterns and the golden cross on the 15-minute chart, a short-term breakout strategy could be backtested. A buy entry could be triggered on a close above $0.2330, with a stop loss placed below $0.2305 and a target of $0.2345. The strategy would aim to capture the continuation of bullish momentum fueled by the strong 50DMA and RSI above 50. This setup would best fit a 4-hour or daily timeframe, using candle close as entry signals and Fibonacci levels for exits.