Market Overview: Dego Finance/Tether (DEGOUSDT) on 2025-10-26

• Dego Finance/Tether (DEGOUSDT) surged from $1.85 to $2.21 during the 24-hour window, closing at $2.06.
• Momentum picked up sharply during early market hours with a bullish breakout above prior resistance.
• Volatility expanded as price swung between 1.853 and 2.215, with volume increasing significantly post-06:00 ET.
• RSI and MACD signaled overbought conditions, but price failed to sustain above $2.10.
• Volume and turnover aligned with price spikes, showing no significant divergence.

Dego Finance/Tether (DEGOUSDT) opened at $1.914 on 2025-10-25 at 12:00 ET and surged to a high of $2.215 before closing at $2.06 at 12:00 ET on 2025-10-26. The 24-hour volume reached 11,130,299.68 and the total turnover amounted to $22,071,905. The pair exhibited a strong bullish breakout early in the day, followed by a consolidation phase in the late hours.

Structure & Formations

Price formed a bullish engulfing pattern at the $1.93 to $1.94 level, signaling a short-term reversal from bearish to bullish momentum. A key support level was established at the 1.888–1.891 range, which held twice during the selloffs. Notably, a doji appeared at $2.10, hinting at indecision after the sharp rise. A 61.8% Fibonacci retracement level from the early morning low to the high at $2.215 is at $2.07, which aligns with current price action, suggesting a potential pause in the rally.

Moving Averages

On the 15-minute chart, the price moved above both the 20 and 50-period moving averages, showing bullish bias. On the daily chart, the 50- and 100-period lines appear to be converging around the $2.03–$2.04 range, indicating a potential support zone for the coming days. The 200-period moving average remains well below the current price at $1.96, reinforcing the short-term strength.

MACD & RSI

The MACD turned positive at 06:30 ET and remained above the signal line until 10:30 ET, confirming strong bullish momentum. The RSI spiked to 68, indicating overbought territory but not extreme levels. A bearish divergence was noted around 10:30 ET as the RSI fell while the price only slightly declined, suggesting a potential pullback.

Bollinger Bands

Volatility expanded sharply after 06:30 ET as the bands widened to reflect the increased price action. The price spent most of the session outside the upper band, peaking at $2.215. In the late hours, the price settled closer to the mid-band, indicating a possible consolidation phase. The lower band remained near $1.85 and acted as a psychological floor twice during the session.

Volume & Turnover

Volume increased significantly from 06:00 ET onward, peaking at 1,003,583.48 at 06:00 ET when the price surged from $1.87 to $2.021. The high turnover during this period aligned with the price movement, confirming the strength of the rally. No significant divergence was observed between volume and price, suggesting the move was backed by strong market sentiment.

Fibonacci Retracements

The 61.8% Fibonacci level from the key low at $1.853 to the high at $2.215 lies at $2.07, which closely matches the current closing price of $2.06. This level is likely to be a significant point of resistance or consolidation in the short term. On the 15-minute chart, retracements showed that the price found support at the 50% and 38.2% levels before resuming the bullish trend.

Backtest Hypothesis

Given the strong bullish reversal patterns and the alignment of the 61.8% Fibonacci level with current price action, a potential backtest strategy could involve a long entry just above the 2.06–2.07 consolidation zone with a stop-loss placed below $2.03. A take-profit target could be set at $2.15, which is a prior resistance level turned potential support. This setup would capitalize on the bullish momentum and test the strength of the breakout. If the price fails to break above $2.10, it may indicate a need for a reevaluation of the trade setup.