Market Overview for Dego Finance/Tether (DEGOUSDT)

Summary
• Price rose from 0.665 to 0.684 amid strong volume and volatility.
• A bullish breakout above a prior high of 0.674 appears to confirm a short-term reversal.
• Volume spiked sharply in the early morning ET, supporting the upward move.

Dego Finance/Tether (DEGOUSDT) opened at 0.665 on 2025-11-08 12:00 ET and closed at 0.684 at 2025-11-09 12:00 ET. The pair reached a 24-hour high of 0.692 and a low of 0.656. Total volume over the 24-hour period was 1,864,643.39, and total turnover (notional value) was approximately 1,268,171.15 USD.

Structure & Formations

The price of DEGOUSDT formed a key breakout above a prior high of 0.674, which had acted as a resistance level over the previous days. A strong bullish engulfing pattern was observed around 2025-11-09 00:15–00:30 ET, indicating a potential reversal from bearish to bullish sentiment. A doji appeared at the low of the 24-hour range (0.656), suggesting temporary indecision. A strong upward trend from 0.660 to 0.692 emerged, with 0.669 and 0.674 as potential near-term support and resistance levels respectively.

Moving Averages

On the 15-minute chart, price closed above both the 20-period (0.673) and 50-period (0.670) moving averages, suggesting a bullish bias. On the daily chart, the 50-period MA is at ~0.668, while the 200-period MA is at ~0.665—both are being approached from below, suggesting potential for a longer-term reversal.

MACD & RSI

The 15-minute MACD line crossed above the signal line at approximately 2025-11-09 00:15–01:00 ET, confirming a bullish crossover. The RSI rose above 50 and reached 63 at the 24-hour peak, indicating moderate bullish momentum. While not overbought (above 70), the RSI suggests continued upside potential unless there is a pullback.

Bollinger Bands

Price has shown an increase in volatility as the Bollinger Bands have widened, from a narrow contraction earlier in the 24-hour period. The 20-period Bollinger Band upper band reached 0.691 by 2025-11-09 14:00 ET, aligning with the observed high. The price closed near the upper band, suggesting strong momentum but not yet a probable overbought condition.

Volume & Turnover

Volume surged in the early morning ET, with the largest 15-minute volume of 209,497.01 at 2025-11-09 14:00 ET, confirming the bullish breakout. Turnover during that period totaled approximately 146,000 USD, indicating strong conviction in the upward move. Later in the day, volume declined but remained above average, showing continued participation. No major divergence between price and volume was observed, supporting the strength of the trend.

Fibonacci Retracements

A key 0.618 retracement level from the swing low (0.656) to the swing high (0.692) is at ~0.677. The price held above this level for most of the period and closed near it. On the 15-minute chart, a 0.618 retracement of a smaller bullish swing (0.660–0.689) is at 0.671, which was briefly tested but held. These levels may serve as near-term support or resistance in the next 24 hours.

Backtest Hypothesis

The MACD Golden-Cross, a bullish crossover of the MACD line above the signal line, has historically been a key driver of short-term price direction. While current MACD data is temporarily unavailable, the recent crossover observed in the 24-hour data suggests a potential entry trigger for further upside. A backtesting strategy could assess the profitability of entering long positions on a confirmed 15-minute Golden-Cross between 2022-01-01 and 2025-11-09, with stop-loss and take-profit levels based on Fibonacci and Bollinger Band structures. If you can confirm the correct ticker symbol for DEGO/USDT or provide a list of Golden-Cross dates, the backtest can be completed.