Summary
• Price tested key support at 0.51–0.512 and bounced with bullish volume.
• Momentum turned bearish after midday with RSI divergence and declining close.
• Volatility expanded in early session with a sharp drop to 0.51, but stabilized afterward.
• No strong reversal patterns formed, but bullish continuation is possible above 0.514.
Dego Finance/Tether (DEGOUSDT) opened at 0.528 on 2026-01-14 at 12:00 ET and reached a high of 0.53 before dropping to a low of 0.504 on 2026-01-15 at 12:00 ET. The pair closed at 0.513 with total volume of ~1,384,810 and turnover of ~706,617 USDT.
Structure and Candlestick Formations
Price action showed a series of bearish candle bodies after 18:45 ET, particularly in the 0.512–0.516 range, with a large-volume down candle at 22:45 ET confirming bearish momentum.
A potential support level appeared around 0.51–0.512, with a bullish bounce observed on early 2026-01-15. No clear reversal patterns like hammers or engulfing were seen, but the formation suggests short-term consolidation above 0.512.
Momentum and Oscillators
The RSI signaled overbought conditions in early ET hours before diverging with price during the late bearish move. MACD turned negative after 19:30 ET, aligning with the drop toward 0.51. Momentum appears to be shifting lower, suggesting a potential pullback could be imminent if volume increases on the downside.
Volatility and Bollinger Bands
Volatility expanded during the midday decline, with price moving from near the upper band to the lower band by 23:00 ET. Price has since remained near the lower band, suggesting oversold conditions and a possible bounce if buyers re-enter at or above 0.512.
Volume and Turnover Analysis
Volume spiked during the 22:45 ET candle, with 18,883.46 units traded and price falling to 0.508, indicating strong bearish conviction. Turnover also increased during this period, aligning with the price action and supporting the bearish bias.
Conclusion and Forward Outlook
The price has stabilized near the 0.512–0.514 range following the sharp decline, with potential for a short-term rebound into 0.514–0.515 if buyers step in. However, given the bearish momentum and volume divergence seen in the late session, a retest of 0.51–0.511 remains a risk. Investors should remain cautious for further volatility and watch for a breakout or breakdown in the next 24 hours.
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