Market Overview for Dego Finance/Tether (DEGOUSDT) on 2025-11-14

Summary
• Price declined from 0.621 to 0.594, with key support around 0.590.
• Volatility surged as volume spiked to 498,493.43 during a bearish reversal.
• RSI moved into oversold territory, suggesting possible near-term consolidation or bounce.

Dego Finance/Tether (DEGOUSDT) opened at 0.621 on 2025-11-13 at 12:00 ET and closed at 0.594 at 12:00 ET on 2025-11-14. The price moved between a high of 0.621 and a low of 0.562, with a total volume of 5,135,618.19 and notional turnover of 3,076.61 (in USDT) over the 24-hour period. The 15-minute chart revealed strong bearish momentum, particularly after a bearish engulfing pattern formed on 2025-11-14 at 04:45 ET, which marked a key inflection point.

The price action shows a clear breakdown below the 20-period moving average on the 15-minute chart, which currently sits around 0.601, and the 50-period line is near 0.599. On a broader timeframe, the 50-period daily moving average is likely below the current level, suggesting a bearish bias. The 200-period daily line acts as a long-term resistance, potentially preventing any immediate recovery.

MACD has turned negative and crossed below the signal line, indicating a short-term bearish momentum shift. RSI dropped into the 30–40 range, signaling oversold conditions and potential for a temporary bounce, though it does not necessarily confirm a reversal. Bollinger Bands show a recent expansion after a contraction phase, which is often a precursor to increased volatility. The price is currently near the lower band, reinforcing the short-term bearish tone.

Volume spiked sharply during the 4:45 AM ET session, coinciding with the largest price drop of the day. This divergence between volume and price may indicate strong selling pressure from large participants. The notional turnover during this candle was 3,076.61, far exceeding the previous sessions, and it aligns with a bearish reversal pattern. This suggests a high probability of continued bearish pressure unless a strong bullish catalyst emerges.

Fibonacci retracement levels from the recent swing high (0.621) to the swing low (0.562) show key support levels at 0.594 (38.2%) and 0.584 (61.8%). The price currently sits near the 38.2% level, suggesting a potential bounce area or further test of the 61.8% level if the trend continues.

Backtest Hypothesis
The “Bearish Engulfing Short 1-3 Days” strategy tested over the past 4 years shows mixed results, with positive total returns but limited risk-adjusted performance. While the average winning trade outperformed losing trades, the low hit-rate contributed to a volatile equity curve. The strategy appears to work best when combined with volume confirmation or with stop-loss filters to manage risk. This aligns with today’s price behavior, where a clear engulfing pattern at 04:45 ET led to a sharp selloff.