Market Overview for Dego Finance/Tether (DEGOUSDT) as of 2025-09-13 12:00 ET

• DEGOUSDT surged to a 24-hour high of $1.313, driven by late-night buying pressure and expanding volatility.
• Price closed near its high of $1.308 at 12:00 ET, confirming bullish momentum with above-average volume.
• Key support appears at $1.294, where price previously found buyers, and resistance at $1.307–$1.31.
• RSI reached overbought territory, suggesting potential for a near-term pullback or consolidation.
• Bollinger Bands widened, indicating heightened volatility after a period of contraction.

Dego Finance/Tether (DEGOUSDT) opened at $1.246 on 2025-09-12 12:00 ET and closed at $1.308 on 2025-09-13 12:00 ET, reaching a high of $1.313 and a low of $1.246 over the 24-hour window. Total traded volume was 297,446.46 units, while notional turnover amounted to approximately $383,421. The pair displayed strong bullish momentum, particularly in the overnight hours.

Structure & Formations

The price action formed multiple bullish candlestick patterns, including a morning star reversal around $1.263 and a bullish engulfing pattern following a key support level at $1.294. A large bullish candle on the 15-minute chart at 05:30 ET (2025-09-13 053000) confirmed buyers' control after a consolidation phase. A bearish doji at $1.305 during the afternoon signaled potential for a short-term correction.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed above key swing levels, reinforcing the bullish bias. The 50-period moving average currently sits at $1.296, while the 100-period MA at $1.289 and 200-period MA at $1.274 are both below the current price. This divergence suggests sustained short-term strength but also potential exhaustion in the longer term.

Backtest Hypothesis

Using a combination of the 50/20 moving average crossover and RSI divergence, a potential trading strategy could involve entering long positions when price closes above the 50SMA and RSI confirms oversold levels below 30, with tight stop-loss placement near the last swing low. This approach aligns with the current bullish momentum but requires caution as RSI nears overbought levels.

MACD & RSI

MACD (12,26,9) remains in positive territory, with a bullish histogram indicating increasing momentum. RSI peaked near 70, signaling overbought conditions, and may face a retest of its 50–60 range in the near term. A bearish divergence is visible on the 15-minute chart as price makes higher highs but RSI fails to do so, suggesting a potential pullback.

Bollinger Bands

Bollinger Bands expanded sharply during the overnight session, with price trading above the upper band at $1.307–$1.31. This suggests heightened volatility and potential for a consolidation phase or a pullback toward the middle band, currently at $1.299. The previous period of contraction has now given way to a breakout phase.

Volume & Turnover

Volume surged during the breakout phase, particularly between 04:45 ET and 06:00 ET, with a notable volume spike of 41,703 units on the candle closing at $1.304. Notional turnover also spiked during this period, confirming price strength. A divergence between price and turnover occurred during the afternoon, as price continued to rise while turnover declined, hinting at potential exhaustion.

Fibonacci Retracements

Applying Fibonacci retracements to the key swing from $1.246 to $1.313, key levels include 61.8% at $1.289 and 38.2% at $1.278. Price has tested and rejected at the 61.8% level twice, most recently on 09:45 ET (2025-09-13 094500). The 50% level at $1.279.5 appears to be a strong area of support or resistance for future reference.

The forward outlook suggests a potential short-term consolidation as overbought RSI levels may lead to a pullback toward the 50–60 RSI range. Traders should monitor the 1.294–1.307 range for signs of continuation or reversal, especially after the recent volatility spike. A breakdown below $1.294 could signal renewed bearish momentum, but the overall trend remains bullish for the next 24 hours.