DOLOTRY Market Overview: 2025-10-26

• Price surged from 3.48 to 3.63, reaching a 24-hour high of 3.63, amid rising volume and momentum.
• RSI crossed overbought levels midday, while MACD showed bullish divergence with a strong histogram.
• Bollinger Bands widened, indicating heightened volatility, with price testing the upper band multiple times.
• A key support level formed near 3.55, with a critical resistance at 3.61–3.63; a break above could trigger further gains.

Dolomite/Turkish Lira (DOLOTRY) opened at 3.48 on 2025-10-25 12:00 ET and closed at 3.59 on 2025-10-26 12:00 ET, with a high of 3.63 and a low of 3.46. Total volume was 1,194,836.3 with a notional turnover of approximately $4,346,400. The 24-hour session saw a strong upward bias driven by increased buying pressure, especially in the late afternoon and evening hours.

The price formed a bullish engulfing pattern on the 15-minute chart after a sharp drop from 3.63 to 3.55, followed by a strong reversal to close near the upper half of the candle. This pattern, combined with a 50-period moving average crossing above the 20-period line, signaled a short-term bullish bias. The 15-minute MACD crossed into positive territory and remained above the signal line, while the RSI surged into overbought territory (RSI > 70), indicating strong momentum. A key 15-minute resistance level formed at 3.63, with a 61.8% Fibonacci retracement from the 3.46 to 3.63 swing placing psychological resistance at 3.55 and 3.61.

Bollinger Bands showed a clear expansion during the rally, indicating a period of heightened volatility. Price traded near the upper band multiple times, especially after 09:00 ET, as the market absorbed the recent bullish momentum. The lower band held at 3.55–3.57, with price bouncing off this level several times before the final breakout. Volatility appears to be settling into a more defined range, with a potential consolidation phase forming in the wake of the strong rally.

Volume spiked significantly during the late afternoon and into the evening, particularly between 19:00 and 23:00 ET, confirming the price action. The largest spike occurred around 22:15–22:30 ET, with a combined notional turnover of approximately $1,513,600. While volume and price aligned well in the morning and evening, a mild divergence appeared mid-morning when price continued higher but volume slowed. This suggests some short-term caution, though the overall trend remains strongly bullish.

Backtest Hypothesis
A potential strategy for DOLOTRY based on this 24-hour analysis could involve a momentum-reversal approach using RSI and MACD. A buy signal could be generated when RSI drops below 30 (oversold) and the MACD line crosses above the signal line, while a sell signal would occur when RSI exceeds 70 (overbought) and the MACD line crosses below the signal line. This setup aims to capture short-term rebounds off key support levels and momentum shifts within volatile swings. Testing this strategy on DOLOTRY’s 15-minute OHLC data from October 1, 2025, to October 26, 2025, could provide insights into its efficacy in high-volatility environments.