Market Overview for Dolomite/Turkish Lira (DOLOTRY) on 2025-11-10

• DOLOTRY surged 3.38% from $2.81 to $2.939 amid increased volume.
• A strong bullish reversal pattern formed in the early hours of 2025-11-10.
• Volume spiked 300x during a breakout above 2.85, confirming upward momentum.

Dolomite/Turkish Lira (DOLOTRY) opened at $2.81 on 2025-11-09 at 12:00 ET and closed at $2.939 at 12:00 ET on 2025-11-10, reaching a high of $2.97 and a low of $2.781. Total volume traded in the 24-hour period was 2,564,220.4 units, with a notional turnover of $7,532,962.17.

The market structure showed a clear break above key resistance levels around $2.85 and $2.87, with a strong bullish engulfing pattern forming after a sharp decline in the early part of the day. A notable bearish divergence occurred briefly in the late evening but was swiftly absorbed by increasing bullish momentum. A key support level appears to have been established at $2.81–$2.82, which held firm during a brief pullback.

Moving Averages

On the 15-minute chart, DOLOTRY closed above both the 20-period and 50-period moving averages, signaling short-term bullish momentum. The 50-period MA crossed above the 20-period MA, reinforcing a potential trend reversal. On the daily chart, the 50-period MA is approaching the 100-period MA from below, suggesting a possible accumulation phase ahead.

MACD & RSI

The MACD crossed above the signal line with a bullish histogram, confirming the strength of the upward move. RSI reached 62 at the peak of the rally and pulled back to 58, indicating a moderate overbought condition. Momentum appears to be slowing slightly, but remains strong for a continuation.

Bollinger Bands

Price action broke decisively above the upper band at $2.957, confirming a sharp volatility expansion. The move suggests a breakout scenario rather than a consolidation pattern. The lower band, at $2.82, appears to be a key short-term support level.

Volume & Turnover

Volume surged dramatically during the breakout in the 04:45–05:00 ET window, with the largest trade block reaching $2.957. Notional turnover spiked to $1,851,458.60 at that time, confirming the strength of the move. However, volume has since normalized, indicating a potential pullback or consolidation phase may follow.

Fibonacci Retracements

The 61.8% Fibonacci retracement level at $2.84–$2.85 was confirmed as a strong support-turned-resistance. Price action showed a bullish reversal pattern around this level, reinforcing its relevance. On the daily chart, the 38.2% retracement of the recent leg up is at $2.89 and appears to be a key area for near-term support.

Backtest Hypothesis

Given the presence of a strong bullish engulfing pattern on 2025-11-10, a backtest using the DOLOTRY ticker could offer insights into the predictive power of such signals in this market. A 3-day holding period would allow for assessing whether the pattern consistently results in a positive return. This strategy could be compared against a broader crypto benchmark like ETH/USD to evaluate relative performance. The results of such a test could inform future trading strategies for DOLOTRY and similar altcoins.