Market Overview for Dogecoin/Tether (DOGEUSDT)

Summary
• DOGEUSDT tested key support at $0.1310 before rebounding toward $0.1325.
• On-balance volume increased during the bullish rebound, confirming strength.
• RSI showed oversold conditions early, but momentum failed to break above 50.
• Price traded within Bollinger Band midline, signaling moderate volatility.
• A bullish engulfing pattern formed near $0.1325, suggesting possible continuation.

Dogecoin/Tether (DOGEUSDT) opened at $0.13173 on December 19, 2025, at 12:00 ET, reached a high of $0.13353, a low of $0.12968, and closed at $0.13197 by 12:00 ET on December 20. Total volume for the 24-hour period was 165,586,193. Total notional turnover was $21,824,000, based on cumulative price × volume.

Structure & Formations

Price action formed a bullish engulfing pattern around $0.1325, suggesting renewed buying pressure. Key support appeared at $0.1310, where price found a floor and reversed. Resistance consolidated near $0.1325–$0.1330, with repeated failures to break above. A doji formed near the upper band at $0.13353, signaling indecision.

Moving Averages

On the 5-minute chart, price remained above the 20-period and 50-period moving averages, indicating short-term bullish bias. For the daily chart, it remains slightly above the 50-day MA but below the 100-day and 200-day MAs, reflecting mixed signals between short-term optimism and longer-term caution.

MACD & RSI

The RSI approached oversold levels early in the session but failed to generate a strong recovery above 50, suggesting limited upside momentum. MACD showed a weak positive crossover near $0.1320 but lacked a clear bullish signal, indicating a potential continuation of consolidation.

Bollinger Bands

Volatility remained moderate, with price fluctuating within the Bollinger Band midline. The most recent expansion occurred near $0.1335, indicating a short-lived spike in activity before returning to the band center.

Volume & Turnover

Volumes increased significantly during the bullish rebound from $0.1310 to $0.1325, with over 6.7 million contracts traded on the upside. Notional turnover followed a similar trend, confirming the price action. No significant divergence was observed between price and volume, suggesting a balanced market.

Fibonacci Retracements

Fibonacci levels showed the $0.1310 level aligning with the 38.2% retracement of the recent upswing from $0.12968 to $0.13353. Price stalled at 61.8% at $0.1327, suggesting a potential area of resistance ahead.

Market participants may watch the $0.1325–$0.1330 range closely in the coming 24 hours for a potential breakout. While volume supports the bullish bias, a failure to break above the 61.8% Fib level could trigger a retest of $0.1310. Investors should remain cautious as consolidation may continue, with limited directional bias expected in the near term.