Market Overview for Dego Finance/Tether (DEGOUSDT) on 2025-11-12

• Dego Finance/Tether (DEGOUSDT) closed at 0.645 after a 24-hour range between 0.63 and 0.674.
• Price appears bearish with key support at 0.63 and resistance at 0.66–0.67.
• Volatility and turnover surged mid-day but cooled in the final hours of the period.

24-Hour Summary

Dego Finance/Tether (DEGOUSDT) opened at 0.67 on 2025-11-11 at 12:00 ET, reached a high of 0.674, and hit a low of 0.63 before closing at 0.645 at 12:00 ET on 2025-11-12. Total volume across the 24-hour period was 909,894.42 with a turnover of approximately $567,689.16. The market displayed a moderate bearish bias with heightened volatility, particularly in the early hours of the session.

Structure & Formations

Price formed a bearish engulfing pattern around 19:30–19:45 ET and showed a series of lower highs and lower lows, indicating bearish control. A key support level appears to be forming at 0.63–0.64, while 0.66–0.67 may act as short-term resistance. A doji formed near 0.645, suggesting a potential reversal or consolidation phase.

Moving Averages and MACD

On the 15-minute chart, the 20-period and 50-period SMAs crossed bearishly, indicating a weak trend. The MACD line dipped below the signal line in early afternoon, confirming bearish momentum. On the daily chart, the 50/100/200 EMA setup is still neutral to bearish, with the 200-day SMA acting as a key baseline below 0.64.

RSI and Volatility

Relative Strength Index (RSI) touched oversold territory at 30 during the late-night hours but failed to trigger a strong rebound, suggesting a lack of buyer interest. Bollinger Bands widened significantly in the morning session, with price hovering near the lower band, indicating a contraction in volatility and bearish sentiment.

Volume and Turnover

Volume surged in the early to mid-evening hours, especially around 19:45 and 20:30 ET, coinciding with sharp price declines. Notional turnover spiked above $40,000 in several key candlesticks. However, volume has declined in the final hours of the period, hinting at a potential exhaustion in the bearish move.

Fibonacci Retracements

Fibonacci retracements from the recent 15-minute swing high (0.674) to the swing low (0.641) showed price consolidating near the 61.8% level at 0.652. On the daily chart, the 38.2% retest of key resistance levels is likely in the next 24 hours. A break above 0.66 would invalidate the bearish bias.

Backtest Hypothesis

For a potential backtest of this market using an RSI-based mean-reversion strategy, the standard 14-period RSI with oversold at 30 and overbought at 70 would be suitable. A long entry could be triggered on an RSI crossover above 30, with a stop-loss placed below the previous low. A short entry would be triggered on a crossover below 70, with a stop above the recent high. If a confirmed ticker is provided, the performance of this strategy can be evaluated from 2022–01–01 to today.