Market Overview for Dogecoin/Tether (DOGEUSDT) – 24-Hour Analysis

Summary
• DOGEUSDT formed a bearish engulfing pattern near $0.1468, signaling potential short-term reversal.
• Price traded in a descending channel, breaking key resistance at $0.1468 to retest $0.1432 support.
• Volatility spiked mid-day, with turnover peaking at 65.7M DOGE during the $0.14933 high.
• RSI dipped into oversold territory (31), suggesting a potential bounce from $0.1432–0.1434.
• Bollinger Bands widened in the afternoon, aligning with the sharp price swing from $0.1432 to $0.1493.

Dogecoin/Tether (DOGEUSDT) opened at $0.14574 on 2025-12-10 12:00 ET, reached a high of $0.14933, a low of $0.13645, and closed at $0.13758 on 2025-12-11 12:00 ET. Total volume was 608.3 million DOGE, with notional turnover of $84.7 million.

Structure & Formations

Price moved in a descending bias throughout the day, forming a bearish engulfing pattern near $0.1468 and a potential bullish reversal at $0.1432–0.1434. A key support level appears to have been tested multiple times in the

$0.1432–0.1435 range, with a failed breakdown below indicating potential for a short-term rebound.

Moving Averages

The 20-period 5-min moving average (SMA) crossed below the 50-period line in the afternoon, reinforcing the bearish trend. Daily 50/200 SMA suggest price is below the 50-day line but remains above the 200-day, pointing to intermediate-term uncertainty.

MACD & RSI

MACD turned bearish in the afternoon, with a negative crossover confirming downward momentum. RSI hit oversold levels in the late evening, hinting at a possible bounce from the $0.1432 support.

Bollinger Bands

Volatility expanded as price moved between $0.1432 and $0.14933, with the upper band reaching near $0.1495. The current price is sitting near the lower band, suggesting potential for a countertrend move.

Volume & Turnover

Volume spiked sharply during the rally from $0.1432 to $0.14933, peaking at 65.7M DOGE. However, a drop-off in volume during the subsequent pullback suggests reduced conviction in the bearish move. Turnover confirmed the strength of the intraday high but diverged slightly during the late consolidation.

Fibonacci Retracements

Fibonacci levels from the $0.1432 to $0.14933 swing show price bouncing near 61.8% ($0.1461) and 50% ($0.1462), with the current close near 38.2% ($0.1444). Further support lies at $0.14235 (38.2% of the daily leg) and $0.1405 (61.8%).

Looking ahead, DOGEUSDT may test the $0.1444–0.1452 range as a potential pivot point. A break above $0.1462 could rekindle short-term bullish momentum, but traders should be cautious of a renewed bearish test below $0.1432.