DOGS/Tether Market Overview

• • •

• DOGSUSDT surged 0.7% over 24 hours with strong bullish momentum in the afternoon.
• Price broke key resistance around $0.000145, now consolidating near $0.000147.
• Volatility and volume spiked during the breakout, confirming strong conviction.
• RSI and MACD both show positive divergence, suggesting sustained upward pressure.
• Bollinger Bands expanded during the move, indicating increased market activity and bullish engagement.

DOGS/Tether (DOGSUSDT) opened at $0.000139 on 2025-09-12 at 12:00 ET and closed at $0.000147 at the same time the following day. The pair reached a high of $0.0001493 and a low of $0.000139. Total volume over the 24-hour window was 9.89 billion DOGS, with a notional turnover of approximately $144.92 million (assuming $0.000147 average price).

Structure & Formations

The candlestick pattern shows a strong bullish breakout from a descending triangle formation that developed over the past 24 hours. Notable patterns include a bullish engulfing pattern on the 18:45–19:00 ET 15-minute candle and a morning star-like setup as the price pulled back slightly after the initial surge. A strong resistance level at $0.000145 was decisively broken, while support has held at $0.0001445 on several pullbacks. A potential consolidation phase is forming above $0.000146, with the 0.618 Fibonacci retracement level aligning with this area.

Moving Averages

Short-term momentum is clear: the price closed well above both the 20-period and 50-period moving averages on the 15-minute chart, with the 20SMA crossing above the 50SMA to form a golden cross. Daily moving averages (50DMA and 100DMA) also support a bullish case, with the 200DMA lagging but showing positive crossover potential in the near term.

MACD & RSI

The 12:00–18:00 ET session saw the MACD line surge above its signal line, forming a positive crossover that confirmed the bullish breakout. RSI reached a peak of 68 by midday on 09/13, indicating strong momentum without reaching overbought territory. As of 12:00 ET on 09/13, RSI was at 62 and showing positive divergence, while MACD was still in bullish territory but showing signs of flattening, indicating a potential pause or consolidation phase.

Bollinger Bands

Volatility surged as the price broke through the upper band at $0.000147 on 09/13, with the bands expanding significantly during the breakout phase. Price remains above the 20-period moving average, and the upper band has become a dynamic support/resistance level. A contraction phase in the morning hours was followed by a sharp expansion, consistent with a breakout pattern.

Volume & Turnover

Volume spiked during the breakout phase, particularly between 19:00 and 22:00 ET, with one 15-minute interval (22:45–23:00) seeing $2.05 million in turnover. Total turnover reached $144.92 million over 24 hours, with no material divergence between price and volume. The increasing volume on the upside confirms strong buyer conviction.

Fibonacci Retracements

Applying Fibonacci levels to the most recent 15-minute swing (from $0.000144 to $0.0001493), the 61.8% retracement level aligns closely with current price action at $0.000147. On the daily chart, the 38.2% and 61.8% retracement levels correspond to the key support/resistance areas at $0.000144 and $0.000145, which have been tested and confirmed multiple times during the past 24 hours.

Backtest Hypothesis

Given the strong technical setup—including a breakout from a triangle pattern, confirmation by volume and momentum indicators, and alignment of key Fibonacci levels—a backtest strategy could be constructed that enters long on a breakout above the upper Bollinger Band with a stop-loss placed just below the 61.8% Fibonacci retracement level. A trailing stop could be activated once the position reaches a 2% profit, aiming to capture continuation moves. The RSI divergence and MACD flattening suggest caution in expecting immediate further surges, but the overall setup supports a bullish outlook for the next 48 hours.