Market Overview for Dolomite/Turkish Lira (DOLOTRY) – 2025-12-26

Summary
• Price formed a bullish engulfing pattern around 1.642–1.652 after a sharp 5% dip.
• Momentum shifted from bearish to neutral as RSI rebounded from oversold territory.
• Volatility surged in early hours, with a 5-minute high of 1.800 driven by heavy volume.
• Bollinger Bands widened after the 07:30 ET candle, suggesting a potential consolidation phase.
• 20-period moving average crossed above price during the recovery, hinting at short-term support.

Dolomite/Turkish Lira (DOLOTRY) opened at 1.639 on 2025-12-25 at 12:00 ET and reached a high of 1.800 before closing at 1.732 on 2025-12-26 at 12:00 ET, with a low of 1.620. The 24-hour volume was 10,084,774.6 and turnover was 17,709,631.5 (in notional Turkish Lira).

Structure & Formations

The price action showed a strong reversal pattern around 1.642–1.652 with a bullish engulfing candle following a sharp selloff. A key support level appears to have formed in this range, confirmed by a strong rebound in volume and price. A large doji at 1.661–1.662 during the early morning hours suggested indecision, but this was quickly resolved with a clear move higher.

Moving Averages and MACD

The 20-period moving average crossed above price around 07:30 ET, offering a short-term bullish signal. The MACD showed a bearish divergence early in the session but shifted to a positive crossover as volume and price recovered.

RSI and Momentum

RSI dropped into oversold territory below 30 before rebounding sharply, suggesting a possible exhaustion of selling pressure. The bounce was supported by a strong volume spike at the 07:30 ET candle, indicating renewed buyer interest.

Bollinger Bands and Volatility

Volatility expanded significantly during the early hours, with the Bollinger Bands widening to accommodate the 1.800 high. Price later consolidated around the upper band, suggesting a period of digestion after the sharp move.

Volume and Turnover

Volume spiked dramatically during the 07:30–08:00 ET period, with the largest 5-minute candle at that time having a volume of 1,013,786.3, supporting the price rebound. Turnover also rose sharply, aligning with the price movement and reinforcing the bullish signal.

Fibonacci Retracements

The 61.8% Fibonacci retracement level of the earlier 1.620–1.800 move sat near 1.704, which coincided with a key consolidation point. Price briefly tested this level before rising further, indicating it could serve as a dynamic support/resistance zone.

Price appears to be entering a phase of consolidation after the sharp recovery. While the bullish momentum seems intact, a test of the 1.800 high or a pullback to the 1.704 retracement level could offer entry or exit opportunities. Investors should remain cautious of potential volatility spikes, especially with the Bollinger Bands still wide and the RSI near neutral territory.