Market Overview for Dogecoin/Tether (DOGEUSDT) – December 8, 2025

Summary
• DOGEUSDT formed a bullish engulfing pattern near 0.1420, confirming short-term strength.
• Price closed above the 20-period 5-min MA with increasing momentum.
• Bollinger Bands expanded after a consolidation phase, indicating rising volatility.
• Turnover surged during the 15:00–16:00 ET window, aligning with price pullbacks.
• RSI remains within neutral territory, suggesting balanced buying and selling pressure.

Dogecoin/Tether (DOGEUSDT) opened at 0.1387 on 2025-12-07 12:00 ET, reached a high of 0.14492, a low of 0.13593, and closed at 0.14325 as of 2025-12-08 12:00 ET. Total 24-hour volume was 367,401,220.0, with a notional turnover of approximately $50.2M.

Structure & Moving Averages

The 5-minute chart showed a strong bullish breakout above 0.1420, confirming a key support-turned-resistance level. The 20-period MA (5-min) was at 0.1418 at the close, with the price above it, suggesting short-term momentum favors the bulls. The 50-period MA lagged behind, indicating a potential short-term overextension.

Momentum and Volatility

The RSI hovered between 55 and 60, showing no immediate overbought conditions. MACD crossed above the signal line in the morning, reinforcing the bullish bias. Bollinger Bands widened after a period of consolidation, reflecting increased volatility. Price has remained within the upper band since 09:00 ET, suggesting continued upside bias.

Volume and Turnover

Volume surged during the 15:00–16:00 ET window with a pullback in price, suggesting profit-taking or short-term bearish pressure. However, buying interest quickly resumed after 16:30 ET. Notional turnover increased in line with price moves, particularly after the 09:15 ET breakout. No major volume divergences were observed.

Fibonacci Retracements

A recent 5-minute swing from 0.13593 to 0.14492 placed the current level at approximately 78.6% retracement, suggesting a potential near-term resistance or consolidation area. On the daily chart, the 0.1432 level aligns with the 50% Fibonacci retracement from a recent leg down, indicating a key psychological level.

Looking ahead, DOGEUSDT may test 0.1450 as a near-term target if buying continues. A break below 0.1420 could trigger a retest of the 0.1413 support level. Investors should remain cautious ahead of potential divergences in momentum and volume during the next 24 hours.