Market Overview for Dego Finance/Tether (DEGOUSDT) on 2025-11-13

Summary
• DEGOUSDT opened at $0.63 and closed at $0.64 after a volatile session.
• Price hit a high of $0.644 and a low of $0.615, with notable bullish reversal patterns observed.
• Total 24-hour volume was 512,438.68 and turnover was $321,469.96.
• Momentum indicators suggest overbought conditions at the peak but a pullback into balanced territory.
• Volatility expanded in the second half of the session as price consolidated around key resistance.

Dego Finance/Tether (DEGOUSDT) opened at $0.63 and closed at $0.64 as of 12:00 ET on 2025-11-13. The pair reached a 24-hour high of $0.644 and a low of $0.615, with total volume of 512,438.68 and turnover of $321,469.96. The price action reflected strong intraday volatility and multiple attempts to break above $0.64.

Key support and resistance levels emerged clearly over the 24-hour period. A notable support level was identified near $0.625, where price found buying interest multiple times. Resistance at $0.64 and $0.644 was tested and partially breached, but failed to hold as a broader bearish reaction followed. A bullish engulfing pattern formed on the 15-minute chart near $0.626, signaling a potential short-term reversal. Doji appeared during consolidation phases, indicating indecision in the market.

On the 15-minute chart, the 20-period and 50-period moving averages crossed multiple times, indicating shifting momentum. The 50-period MA served as a dynamic support during a pullback. On the daily chart, the 50-period, 100-period, and 200-period MAs showed convergence near the $0.63–$0.64 zone, suggesting a potential equilibrium point for the near term.

The 15-minute MACD showed a bullish crossover early in the session, aligning with the initial upward thrust. RSI reached overbought territory near 80 during the peak at $0.644 but retreated to the 60–65 range, indicating some exhaustion in the upward move. Bollinger Bands widened as the price tested $0.644, with the close settling near the upper band, signaling stretched conditions. Volatility remained high, and price showed signs of consolidating within the bands as the session progressed.

Volume and turnover saw a marked increase after 19:00 ET when price broke above $0.63. A volume spike of 62,370.88 coincided with a sharp pullback from $0.629 to $0.621, suggesting increased selling pressure. Turnover confirmed the strength of the move from $0.625 to $0.64, while divergence was observed during a pullback phase where price moved lower despite rising volume.

Fibonacci retracement levels applied to the recent 15-minute swing from $0.615 to $0.644 identified 61.8% at $0.634 and 38.2% at $0.629 as key levels during consolidation. On the daily chart, the $0.63–$0.64 range sits at 61.8% of the larger swing from $0.621 to $0.644, reinforcing its importance as a potential pivot zone.

The backtesting strategy proposed relies on detecting a Bullish Engulfing pattern in intraday data. This pattern was seen on the 15-minute chart near $0.626 as price pulled back from resistance. A buy signal at that point may have captured a rebound. However, the current back-testing framework only operates on daily data, limiting the accuracy of a 15-minute strategy. A daily approximation would trigger a buy at the next day’s open, but this approach may miss the true intraday dynamics.