DEGOUSDT Market Overview for October 10, 2025

• Price rose from 1.156 to 1.187 before consolidating at 1.156 amid heavy volume.
• Strong bearish momentum emerged around 15:45 ET with a 3.5% drop in 15 minutes.
• RSI hit overbought levels early, then oversold territory, signaling potential exhaustion.
• Bollinger Bands showed a volatility expansion as price broke above the upper band and then collapsed below.
• Volume was highest during the 15:45 ET sell-off, confirming the bearish move.

Dego Finance/Tether (DEGOUSDT) opened at $1.156 on October 9 at 12:00 ET and surged to a high of $1.187 by 11:15 ET before declining sharply to a low of $1.127. It closed the 24-hour period at $1.144 at 12:00 ET on October 10. Total volume reached 442,236.19, while notional turnover hit $492,855.66, reflecting increased activity during key price swings.

The 24-hour OHLCV data shows a distinct bearish reversal from early strength. A sharp 3.5% sell-off from $1.162 to $1.127 at 15:45 ET marked a key support breakdown and a bearish engulfing pattern. This move was confirmed by volume spiking to 113,114.19, the highest of the day. The price then settled within a consolidation phase, with RSI dipping into oversold territory and MACD showing a bearish crossover.

Bollinger Bands reflected high volatility during the midday sell-off, with the price falling below the lower band. Fibonacci retracement levels at 61.8% of the prior upward swing aligned with the $1.141–1.144 range, suggesting a potential short-term floor. Support levels at $1.156 and $1.141 appear reinforced, while resistance is likely at $1.162 and $1.175.

The market appears poised for further consolidation or a potential test of $1.127 as a psychological floor. However, traders should be cautious of a bounce from current levels or a continuation of bearish momentum if volume remains strong.

Backtest Hypothesis
Applying a strategy based on the identified bearish engulfing pattern at 15:45 ET and confirmation via volume could yield a testable hypothesis. Entering a short at the open of the next candle (16:00 ET), with a stop-loss at $1.162 and a take-profit at $1.141, could offer a 2.7% target in a 4.5% risk-reward ratio. This approach assumes continuation of bearish momentum and is best paired with RSI divergence and Bollinger Band breakouts for confirmation.