Market Overview for Dolomite/Turkish Lira (DOLOTRY) – 24-Hour Update

• Price declined from a morning high of 3.433 to a 24-hour low of 3.172 before recovering to close near 3.386.
• Notable volume spikes occurred at 3.300–3.320 and 3.360–3.380, signaling key liquidity zones.
• Momentum shifted multiple times, with overbought conditions briefly forming in the late morning and afternoon.
• A consolidation pattern formed near 3.306–3.386, suggesting near-term range-bound trading ahead.
• Turnover was uneven, with large volumes during key price pivots but relatively quiet during sideways periods.

Dolomite/Turkish Lira (DOLOTRY) opened at 3.419 on 2025-10-22 at 12:00 ET and closed at 3.386 on 2025-10-23 at the same time. The price ranged between a high of 3.433 and a low of 3.172. Total volume over the 24-hour period was 1,812,811.1 units, with turnover reflecting significant intraday swings and liquidity at key psychological levels.

The price moved in a descending and then consolidating pattern over the 24-hour period, with a clear bearish thrust during the early morning and midday hours. The most significant drop occurred between 19:00 and 21:15 ET, where the price fell sharply from 3.353 to 3.204. This was followed by a slow and choppy recovery, with the price bouncing between 3.206 and 3.312 through the night and early morning. A key consolidation formed in the range of 3.306–3.386, where the price spent a large portion of the day. This suggests that buyers and sellers are in a stalemate in this range, with no immediate breakout sign.

Volume activity was concentrated in the 3.300–3.320 and 3.360–3.380 price zones, where large volumes were recorded during key price pivots. Notably, volume spiked at 02:30, 06:30, and 14:30 ET, coinciding with key price reversals. This indicates that institutional or large traders may have been active at those points. In contrast, volume was relatively subdued during the consolidation phase, which is typical during range-bound trading. The turnover also reflected uneven distribution, with high turnover during the sharp drop in price and less so during the sideways movement.

Bollinger Bands highlighted a period of volatility expansion early in the day, especially during the 19:00–21:15 ET drop, when the price moved significantly below the lower band. This was followed by a contraction in volatility as the price entered the consolidation phase. On the 15-minute chart, the 20-period and 50-period moving averages crossed multiple times, indicating mixed short-term momentum. The 50-period MA acted as dynamic resistance during the recovery phase, with the price testing it several times.

The RSI moved between overbought and oversold levels, with brief overbought conditions forming at 3.400 and 3.380 and oversold at 3.206. MACD would have likely shown a bearish crossover early in the morning, followed by a neutral phase during the consolidation. This aligns with the overall narrative of mixed momentum and indecision. Fibonacci retracements placed key levels at 3.335 (38.2%), 3.311 (50%), and 3.288 (61.8%), with the price hovering near 3.335–3.311 for much of the consolidation. These levels may serve as short-term support and resistance in the coming session.

Backtest Hypothesis
The backtesting strategy described in the provided text involves identifying MACD golden crosses and holding for five trading days with no additional risk controls. Given the recent MACD neutrality and the lack of a clear trend, this approach would not have captured a significant move in the last 24 hours. However, the consolidation pattern and frequent testing of key moving averages suggest that the price may remain in a defined range. A backtest using 20/50 EMA and MACD golden crosses may still be viable, but it would require tighter entry filters to avoid false signals during the consolidation phase.