Market Overview for Dego Finance/Tether (DEGOUSDT) on 2025-12-24

Summary
• Price tested key resistance near $0.466, failing to hold above.
• Volume surged during midday rally but faded into evening trading.
• RSI and MACD signaled bearish momentum after 19:00 ET.
• Bollinger Band contraction noted near 04:15 ET, followed by a breakout.
• Daily close near 0.452 suggests potential support at 0.450-0.455.

24-Hour Performance

Dego Finance/Tether (DEGOUSDT) opened at $0.455 on 2025-12-23 12:00 ET, reaching a high of $0.470 before settling at $0.452 by 12:00 ET on 2025-12-24. Total volume for the 24-hour period was approximately 806,931.36, with notional turnover around $348,224.

Structure & Formations

The price action displayed a bearish rejection from the $0.466 level in the late afternoon, followed by a series of smaller bearish candles. A key support level appears to be forming near $0.450–$0.455, with a possible 50% Fibonacci retracement at $0.459. No strong bullish engulfing patterns were observed, but a bearish dark cloud cover formed around 19:30 ET.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 5-minute chart converged near $0.460 by midday, but the 50-period MA crossed below the 20-period MA in the late afternoon, forming a bearish signal.

The 50-period daily MA sits above the 200-period MA, but price remains below both, suggesting continued bearish pressure.

MACD and RSI

MACD turned negative after 19:00 ET, confirming bearish momentum. RSI peaked at 64 around 19:30 ET and fell below 50 by 05:00 ET, indicating weakening bullish bias. Overbought conditions were short-lived, and the asset ended the day in a neutral to slightly oversold range.

Volatility and Bollinger Bands

Bollinger Bands tightened between 04:15 and 04:30 ET, signaling a potential breakout. The price moved higher in response but failed to sustain the move above $0.465. Volatility appears to be declining as the daily range narrows.

Volume and Turnover

Volume spiked sharply between 19:00 and 21:00 ET during the attempted rally above $0.466, but failed to confirm a breakout. Turnover and price diverged in the evening session, with volume dropping despite bearish price action. This may indicate reduced conviction from buyers.

Looking ahead, the next 24 hours may see a test of the $0.450–$0.455 support range. A break below could trigger a test of the 61.8% Fibonacci level near $0.448. Investors should remain cautious and monitor volume behavior for confirmation of any bearish continuation.