Market Overview for DOGS/Tether (DOGSUSDT) on 2025-09-26

• DOGSUSDT formed a bullish recovery after a sharp intraday selloff, finding support near $0.0001157.
• Price closed 0.7% higher at $0.00012, with volume increasing by 18% in the last 6 hours.
• RSI approached overbought territory, while MACD remained bullish with a narrowing histogram.
• Bollinger Bands expanded sharply during the selloff, indicating heightened volatility.
• Divergence noted between price and turnover in the 15–18:00 ET timeframe, suggesting mixed sentiment.

DOGS/Tether (DOGSUSDT) opened at $0.0001198 on 2025-09-25 at 12:00 ET and closed at $0.00012 at 12:00 ET on 2025-09-26, reaching a high of $0.0001207 and a low of $0.0001151. Total volume across 24 hours was ~4.88 billion DOGS, with a notional turnover of ~$5.87 million.

The 15-minute chart revealed a bearish breakdown from the 20-period and 50-period moving averages, which occurred around 17:00–19:00 ET. Price found a strong support at $0.0001157, with a bullish engulfing pattern forming in the 22:15–22:30 ET timeframe. This reversal suggested a short-covering rally and temporary consolidation. A key resistance level emerged at $0.000118–0.0001183, where the price stalled multiple times during the day.

Structure & Formations

DOGSUSDT’s price action displayed a classic V-shaped recovery from the intraday low near $0.0001157. A bearish flag pattern formed between $0.0001157 and $0.000118, confirming the short-term reversal. A bullish engulfing candle on the 15-minute chart at 22:30 ET signaled a possible shift in sentiment. However, the 61.8% Fibonacci retracement level at $0.0001181 may act as a key resistance ahead of $0.0001185.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed below key support at $0.0001157, reinforcing the bearish bias in early trading. By 22:00 ET, the 20-period MA began to rise again as buying interest picked up. The 50-period MA, however, remained bearish, suggesting further consolidation could be needed for a sustainable bullish breakout.

MACD & RSI

MACD crossed above the signal line during the afternoon and remained in positive territory, indicating bullish momentum. RSI reached 63 by the close of the day, approaching overbought levels but not yet signaling a reversal. A divergence was observed between RSI and price in the 22:00–23:00 ET period, with RSI failing to exceed prior peaks while price did, suggesting caution for near-term buyers.

Bollinger Bands

Bollinger Bands expanded significantly during the early selloff, reaching a volatility high of $0.0001207. Price remained within the upper and lower bands throughout the day, with the 20-period moving average hovering near the middle band. A contraction in band width was observed during the 00:00–02:00 ET period, indicating reduced volatility and a possible consolidation phase.

Volume & Turnover

Volume spiked during the selloff in the 17:00–19:00 ET period, with notional turnover exceeding $1.2 million in that window. A divergence between price and turnover was observed during the 22:00–23:00 ET rally, where turnover was lower than expected, suggesting limited conviction in the upward move. The final 6 hours of the 24-hour window saw a 18% increase in volume, aligning with the price’s attempt to break above $0.0001183.

Fibonacci Retracements

Applying Fibonacci retracements to the intraday swing from $0.0001151 to $0.0001207, the 38.2% level at $0.0001179 and the 61.8% level at $0.0001181 proved to be critical. Price stalled multiple times at $0.0001181 and briefly tested $0.0001185 before retreating. These levels may continue to serve as dynamic resistance in the next 24 hours.

Backtest Hypothesis

A potential backtesting strategy involves using the 20-period and 50-period moving averages as confluence points with the 38.2% and 61.8% Fibonacci retracement levels. A long entry could be considered when price closes above the 20-period MA and breaks above the 61.8% retracement level with increasing volume. A stop-loss could be placed just below the 38.2% level or the nearest candlestick low in that area. This approach aligns with the observed bullish engulfing pattern and the RSI divergence, suggesting a high-probability setup for a short-term trade.