Market Overview for DODO/Tether (DODOUSDT) on 2025-09-17

• DODO/Tether (DODOUSDT) declined from 0.0476 to 0.0464 over 24 hours amid mixed candlestick formations and declining momentum.
• Volume spiked early in the session, with a high of 0.0478 before a pullback to 0.0462 in the last candle.
• RSI moved into oversold territory, suggesting potential for a short-term bounce, though bearish pressure remains.
• Key support at 0.0464–0.0462 and resistance at 0.0472–0.0475 emerged, with Fibonacci retracement levels aligning closely.
• Volatility expanded mid-session before compressing again, with Bollinger Bands narrowing toward the end of the period.

DODO/Tether (DODOUSDT) opened at 0.0467 on 2025-09-16 at 12:00 ET, reached a high of 0.0478, dipped to a low of 0.0462, and closed at 0.0462 on 2025-09-17 at 12:00 ET. Total volume over the 24-hour period was 4,688,322.7, with a total turnover of $217,309. The pair exhibited significant volatility, with early bearish pressure giving way to late bearish continuation.

Structure & Formations

The price of DODOUSDT displayed a bearish continuation after a failed bullish reversal attempt near 0.0478. A notable bearish engulfing pattern formed around 2025-09-17 03:45 ET as the price dropped from 0.0477 to 0.0474. Later, a bearish harami pattern emerged at 2025-09-17 05:30 ET, indicating a potential pause in selling momentum, but bearish pressure resumed. Key support levels formed at 0.0464–0.0462, with resistance at 0.0472–0.0475. A 61.8% Fibonacci retracement level aligned with 0.0468, suggesting a possible consolidation or reversal zone.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA, forming a bearish crossover. The daily chart showed the 50-period MA holding above the 100-period MA, but the 200-period MA remained a key long-term bearish reference. The price closed below all three daily MAs, reinforcing the bearish bias.

MACD & RSI

The MACD (12,26,9) remained in bearish territory throughout the session, with the histogram shrinking slightly after a short rally. RSI dropped below 30 in the final hour, indicating oversold conditions, but no immediate reversal signals were formed. The pair showed signs of bearish exhaustion, but without clear bullish catalysts, a rebound remains speculative.

Bollinger Bands

Bollinger Bands widened significantly after a morning consolidation phase, reaching their widest point at 2025-09-17 03:00 ET. Price action moved to the upper band before falling back to the lower band by 09:30 ET. This volatility expansion suggests a potential break in range-bound behavior, with bearish momentum continuing to dominate.

Volume & Turnover

Volume spiked sharply in the first hour after 12:00 ET, with a 15-minute volume of 261,489.6, and remained elevated throughout the session. Turnover also surged during this period. By late morning, volume began to decline, while turnover remained steady, suggesting reduced participation despite continued price movement. A divergence between price and volume was not observed, as bearish moves were generally supported by higher volumes.

Fibonacci Retracements

A 0.618 Fibonacci level at 0.0468 was tested twice during the session, with a bearish breakdown occurring at 2025-09-17 08:15 ET. The 0.382 level at 0.0473 held briefly but was retested with bearish follow-through. On the daily chart, a major bearish swing from 0.0478 to 0.0462 defined retracement levels that could serve as critical decision points for short-term traders.

Backtest Hypothesis

A potential backtesting strategy involves entering a short position on a bearish engulfing pattern with confirmation via a close below the 20-period MA and a RSI below 50. The stop-loss could be placed above the 0.0473 resistance, with a target at the 0.0462 support level. This setup would aim to capture a continuation of the current bearish trend. Given the volume confirmation and alignment with Fibonacci levels, this approach appears reasonable but carries significant risk due to the high volatility and lack of clear bullish catalysts.