DOGS/Tether Market Overview for 2025-10-11

• Price dropped from $0.0001119 to $0.0000736 amid volatile 15-minute swings.
• Strong bearish momentum confirmed by RSI and MACD divergence.
• Volume spiked during key downward moves, supporting bearish bias.
• Bollinger Bands expanded significantly, signaling heightened volatility.
• Fibonacci retracements indicate critical support near $0.0000720.

DOGS/Tether (DOGSUSDT) opened at $0.0001119 at 12:00 ET−1 and closed at $0.0000736 by 12:00 ET. The pair traded as high as $0.0001129 and as low as $0.0000475. Total volume for the 24-hour period was 304,986,183,000, with a notional turnover of $22,186,920.

The structure of the candlestick data reveals a strong bearish bias throughout the 24-hour window, with sharp declines in price and increasing volume as the price moved lower. A key bearish pattern was observed during the 19:30–20:00 ET window, where a large bearish candle confirmed a breakdown in momentum. Additionally, support levels formed around $0.0000720–$0.0000730 are showing signs of consolidation, suggesting potential bounce or further decay.

Moving Averages and Price Action

On the 15-minute chart, the price consistently closed below the 20- and 50-period moving averages, reinforcing bearish bias. The 50-period line acted as a resistance that failed to hold during the late evening session. On a daily chart, the 50/100/200-period lines are also trending lower, with the 200-day line at $0.0000820 currently acting as a psychological floor.

Momentum and Volatility

The RSI dropped below 30 during the 22:00–23:00 ET window, indicating oversold conditions. However, the price failed to bounce, signaling potential exhaustion or continuation of the downtrend. The MACD line crossed below the signal line during the same period, confirming bearish momentum. Bollinger Bands showed significant expansion during the afternoon and early evening, with the price moving near the lower band as volatility increased.

Volume and Turnover Signals

Volume spiked dramatically during the 21:30–22:30 ET window, coinciding with a sharp decline from $0.0001072 to $0.0000720. Notional turnover also rose in line with volume, confirming the bearish move. Divergences between price and volume were not observed, suggesting strong conviction in the downward trend.

Fibonacci Retracements and Key Levels

Applying Fibonacci retracements to the key swing high of $0.0001129 and the swing low of $0.0000475, the 61.8% level is at $0.0000794. This level appears to have failed as support in the last 24 hours, with the price breaking below it. The 38.2% level is at $0.0000854, which now appears to be acting as resistance.

The market appears to be in a strong bearish phase, with key technical indicators—RSI, MACD, and Fibonacci levels—pointing to further downside potential. The immediate support is at $0.0000720, and a break below this could signal a test of the next level at $0.0000680. However, increased volatility and potential for a short-term rebound cannot be ruled out.

Backtest Hypothesis

Applying a backtesting strategy that combines the 50-period moving average on the 15-minute chart with MACD crossover and RSI divergence could yield potential entry points for short positions. For example, a sell signal could be triggered when price closes below the 50-period MA, MACD turns negative, and RSI dips below 30 with increasing volume. Conversely, a buy signal for short-term rallies might emerge when RSI shows oversold divergence, price closes above the 50-period MA, and volume declines.