Market Overview for Dolomite/Turkish Lira (DOLOTRY): 24-Hour Analysis

• DOLOTRY traded in a tight range overnight before surging over 12 hours, closing at 7.124 after a 24-hour high of 7.304.
• Price action shows strong bullish momentum from 05:45–07:30 ET, followed by consolidation and a pullback into the close.
• Volume surged after 05:45 ET, peaking with a 626,924.2 volume candle, confirming strength in the rally phase.
• RSI spiked into overbought territory mid-morning, suggesting a potential correction could be near.
• Bollinger Bands expanded during the rally, indicating increased volatility and higher market participation.

Dolomite/Turkish Lira (DOLOTRY) opened at 6.839 on 2025-09-15 at 12:00 ET and closed at 7.124 on 2025-09-16 at 12:00 ET, with a high of 7.304 and a low of 6.736. Total volume for the 24-hour period was 6,682,815.3, and total turnover amounted to 46,498,657.4 Turkish Lira. The asset displayed a volatile but ultimately bullish trajectory, especially after 05:45 ET.

Structure & Formations

DOLOTRY formed multiple bullish patterns over the 24-hour window, including a morning star at 04:15–05:00 ET and a bullish engulfing pattern at 05:45–06:00 ET. Price found key support at 6.839–6.860 and tested resistance at 7.070–7.100 twice, with the second attempt successfully breaking through. A potential psychological resistance level at 7.15 appears to have halted the rally temporarily. A doji candle at 14:00–14:15 ET suggested indecision in a consolidation phase following the morning’s surge.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages converged around 7.05–7.08 by the afternoon, indicating a narrowing spread and potential consolidation. On the daily chart, the 50-period MA (7.01) and 200-period MA (6.95) appear to form a constructive alignment, with price currently above both, supporting a bullish bias. Price action may test the 7.100–7.150 zone in the next 24 hours as the 50-period MA continues upward.

MACD & RSI

The MACD crossed into positive territory at 05:45 ET and maintained a bullish divergence through midday before flattening into a sideways pattern after 14:00 ET. RSI spiked to overbought territory (above 70) around 06:45–08:00 ET and has since pulled back toward 60–65, indicating a possible pause in momentum. A reversal below 60 could signal a deeper correction, while a retest above 68 may reignite bullish bias.

Bollinger Bands

Bollinger Bands showed a significant expansion during the morning surge, reflecting increased volatility and broad participation. Price traded inside the bands after 14:00 ET but remained well above the middle band. A contraction in band width could precede a breakout or breakdown, depending on whether price remains above the 7.070–7.100 range.

Volume & Turnover

Volume spiked to a 24-hour high at 05:45 ET with a candle of 626,924.2, coinciding with a strong upward move. The increase in turnover mirrored this volume spike, confirming the legitimacy of the rally. After 10:00 ET, both volume and turnover declined, suggesting the bullish momentum may be losing steam. A divergence between price and volume after 13:00 ET suggests some caution is warranted.

Fibonacci Retracements

Applying Fibonacci retracements to the overnight 6.736–6.939 swing showed key levels at 6.839 (38.2%) and 6.916 (61.8%), both of which were respected as support and resistance. For the broader 24-hour move from 6.736 to 7.304, key retracement levels are at 7.068 (38.2%) and 7.168 (61.8%), with price currently consolidating near the 61.8% level. A break above 7.168 could signal a continuation.

Backtest Hypothesis

A potential backtesting strategy would involve entering long positions when price closes above the 61.8% Fibonacci level (7.168) with confirmation by a bullish engulfing pattern and a RSI divergence. A stop-loss could be placed at the 38.2% retracement level (7.068), and a take-profit could be set at the 75% extension level (~7.35). Given DOLOTRY’s recent behavior—showing both strong volume and pattern confirmation—this setup could be tested for its effectiveness in capturing continuation moves after consolidation.