Market Overview for Dogecoin/Yen (DOGEJPY) – October 27, 2025

• Dogecoin/Yen (DOGEJPY) rallied sharply after 10 PM ET, forming a bullish reversal from 30.70 to 31.92.
• 24-hour volume surged to 3.6M units, with turnover hitting 112.7M JPY, signaling heightened institutional interest.
• Momentum accelerated into early morning, but stalled near 31.92, suggesting near-term resistance.
• RSI reached overbought territory (70+), while Bollinger Bands showed expansion, hinting at a potential pullback.
• Key support levels at 31.00 and 30.70 are now under pressure, with a possible bounce or break expected in the next 24 hours.

Dogecoin/Yen (DOGEJPY) opened at 31.05 on October 26 at 12:00 ET and closed at 31.00 on October 27 at the same time. The 24-hour range was between 30.67 and 32.07, with a 24-hour volume of 6.11M units and a total turnover of 112.7M JPY. The price action shows a volatile but generally bullish bias, with a late-night rally and a morning pullback.

Structure and candlestick patterns indicate a key support zone forming around the 31.00–30.70 range. A large bullish engulfing pattern emerged from the 30.70 level, signaling a reversal. A doji star formed near 31.92 in early morning, suggesting indecision and potential consolidation. Resistance appears to be forming at the 31.92–31.83 zone, which will be critical for short-term direction.

The 20-period and 50-period moving averages on the 15-minute chart showed a strong cross above price during the rally, confirming the bullish momentum. On the daily chart, the 50/100/200 EMAs are aligned in a bullish setup, with price trading well above all. The convergence of moving averages supports the view that upward pressure is intact, though a pullback may be due.

MACD showed a positive divergence and a bullish crossover during the late-night rally, with the histogram expanding. RSI reached overbought territory near 31.92, signaling caution for further gains. Bollinger Bands showed a clear expansion during the rally, indicating increased volatility, with price trading near the upper band during the high-volume surge. These indicators suggest that while momentum is strong, a retest of key support or consolidation is likely in the next 24 hours.

Volume and turnover spiked during the 10 PM to 2 AM ET window, aligning with the price’s surge from 30.70 to 31.92. The volume profile showed a strong accumulation phase in the 31.80–31.92 range, supporting the case for a reversal. However, the doji at 31.92 suggests a potential short-term pause. The divergence between price and RSI, combined with the high volume near resistance, hints at a possible exhaustion of the current bullish wave.

Backtest Hypothesis

The backtest strategy described involves identifying Doji Star patterns as potential reversal signals in the DOGEJPY pair. Given the data retrieval issue with the “get_asset_base_info” function, a backtest using this approach would require either a supported symbol such as DOGEUSD or a local OHLCV-based Doji detection. While DOGEJPY’s data is available for the current period, a robust backtest would need consistent historical Doji Star data to validate the effectiveness of this pattern in predicting trend changes. If such data can be sourced or generated, the strategy could be evaluated for risk-reward ratios and success rates in both bullish and bearish scenarios, aligning with the observed reversal patterns in the current market action.