DEGOUSDT Market Overview for 2025-09-26

• Price surged to a 24-hour high of 1.389 before retreating to 1.367 near 12:00 ET, showing strong upward momentum.
• RSI reached overbought territory, while MACD crossed into bullish territory, confirming short-term strength.
• Volatility spiked with high volume around 15:00–16:00 ET, pushing price to a 61.8% Fibonacci level.
• Bollinger Bands widened significantly during the rally, indicating heightened market participation.
• Divergence between price and turnover suggests caution for near-term continuation.

Dego Finance/Tether (DEGOUSDT) opened at 1.232 at 12:00 ET–1 on September 25, 2025, and reached a high of 1.389 during the 24-hour period. It closed at 1.367 at 12:00 ET on September 26. Total volume was 5.74 million DEGO, while turnover amounted to $7.95 million, reflecting a significant increase in market interest.

Structure & Formations

The 15-minute chart shows a sharp bullish breakout from a consolidation phase around 1.28–1.30. A key resistance level at 1.318 was decisively broken, followed by a strong move to 1.389. A large bullish engulfing pattern formed around 14:00–15:00 ET, signaling renewed buying pressure. A doji appeared near 1.389 at 15:15 ET, hinting at potential exhaustion. A strong support zone appears to be forming around 1.34–1.35, with the 61.8% Fibonacci retracement level aligning with this area.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA, forming a golden cross, which often signals a trend reversal. On the daily chart, the 50-period MA is moving higher and currently sits above the 100- and 200-period MAs, reinforcing the bullish bias. The price remains above the 50-period MA on the daily timeframe, suggesting the uptrend is intact.

MACD & RSI

MACD turned positive around 14:00 ET and has remained in bullish territory, with the signal line rising to confirm the strength of the move. RSI surged into overbought territory above 70 around 15:00–16:00 ET, a sign of aggressive buying. However, the RSI has since pulled back slightly, potentially indicating a short-term pullback is imminent. Momentum remains strong, but caution is warranted as overbought conditions may invite profit-taking.

Bollinger Bands

Bollinger Bands expanded significantly during the rally from 1.30 to 1.389, reflecting increased volatility. Price reached the upper band at 1.389, which often acts as a short-term resistance or exhaustion level. The subsequent pullback to 1.367 suggests price is now consolidating within the bands, with the 20-period MA offering potential support.

Volume & Turnover

Volume spiked during the rally from 1.31 to 1.389, particularly between 14:15–15:45 ET, with the highest turnover observed during the 15:00–16:00 ET window. However, price action and turnover appear to be diverging in the last hour of the session, suggesting possible distribution by larger participants. This divergence may signal a near-term reversal or consolidation phase.

Fibonacci Retracements

The 61.8% Fibonacci retracement level from the 1.232 low to the 1.389 high aligns closely with the 1.34–1.35 support zone observed on the 15-minute chart. The 1.367 close is within this level, suggesting the pair is consolidating after a sharp move. A breakdown below 1.34 would bring the 50% retracement at 1.309 into focus as the next critical support.

Backtest Hypothesis

The recent price action aligns well with a potential backtesting strategy based on MACD crossovers, golden cross confirmation on the 15-minute chart, and Fibonacci retracement levels. A strategy could be built to enter long when the 20-period MA crosses above the 50-period MA and price breaks above a key resistance level, while placing a stop loss just below the most recent swing low. Traders may also look to take partial profits at overbought RSI levels (70+) or at the upper Bollinger Band, as seen in the 1.389 peak. This approach could be refined by incorporating volume divergence to identify exhaustion points and exit signals.