Market Overview for Dolomite/Turkish Lira (DOLOTRY)

Summary
• DOLOTRY surged from 1.657 to 1.916 amid rising volume, forming bullish engulfing and bullish continuation patterns.
• RSI moved into overbought territory late morning, while MACD showed strong positive divergence with momentum.
• Volatility expanded significantly from 1.623 to 1.916, with Bollinger Bands widening as price tested and broke prior highs.
• Notional turnover spiked over 1.9 million TRY as buying pressure accelerated during the 9:00–11:15 ET window.
• Fibonacci retracement levels at 1.731 and 1.884 acted as dynamic support/resistance during key 5-minute swings.

Dolomite/Turkish Lira (DOLOTRY) opened at 1.657 on 2025-12-25 at 12:00 ET, reached a high of 1.916, and closed at 1.862 at 12:00 ET on 2025-12-26. Total volume for the 24-hour period was 18,683,495.4 and notional turnover was approximately 34,146,460.37 TRY.

Structure & Formations

DOLOTRY formed a strong bullish engulfing pattern around 07:30 ET, followed by a continuation pattern as it pushed above key resistance levels. A doji appeared briefly during consolidation at 06:45 ET, indicating indecision before a sharp rebound. Support levels at 1.658 and 1.628 were tested twice, with the 1.628 level holding during early consolidation before a breakout.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA around 07:30 ET, confirming a bullish crossover. The 50-period MA rose from 1.66 to 1.83 by 11:00 ET. On the daily chart, price held above the 50-period MA (1.672) and the 200-period MA (1.664), suggesting intermediate-term bullish momentum.

MACD & RSI

MACD turned sharply positive after 09:00 ET, with a histogram peak at 1.83 suggesting strong bullish momentum. RSI surged into overbought territory (above 70) at 11:15 ET, signaling potential near-term exhaustion. However, price continued rising as long as the MACD remained above the signal line, reinforcing bullish momentum.

Bollinger Bands

Volatility expanded significantly, with Bollinger Bands widening from 1.623 to 1.916. Price closed near the upper band at 1.916 but retreated to 1.862 by the 12:00 ET close, indicating potential consolidation. The narrowing bands observed before 08:00 ET preceded the breakout, a classic volatility contraction setup.

Volume & Turnover

Volume and turnover aligned closely during the 09:30–11:15 ET window, with a peak at 11:15 ET when 1.914 was reached. A divergence occurred in the final hour, where volume decreased despite a slight price rise to 1.862, suggesting possible exhaustion or profit-taking.

Fibonacci Retracements

Key Fibonacci levels of 1.731 (38.2%) and 1.884 (61.8%) acted as both support and resistance during intraday swings. Price rebounded off 1.731 twice before resuming the upward move, validating its role as a pivot.

DOLOTRY appears poised to test the 1.90–1.92 range in the coming 24 hours if buying momentum holds, though a pullback to 1.84–1.85 could be a reasonable consolidation target. Investors should monitor volume behavior near key Fib levels and be cautious of RSI overbought readings, which may precede a near-term correction.