Market Overview for DODO/Tether on 2025-09-25

• DODO/Tether (DODOUSDT) opened at $0.0452 and traded between $0.0425–$0.0456, closing at $0.0429.
• Price action shows a bearish bias with a key support level forming near $0.0432.
• Volatility increased overnight, with volume spiking near $0.0448 and $0.0436.
• RSI and MACD signal weakening momentum, with RSI dipping toward oversold territory.
• Bollinger Bands show price consolidation near the lower band, suggesting potential for a reversal.

DODO/Tether (DODOUSDT) opened at $0.0452 on 2025-09-24 at 12:00 ET and closed at $0.0429 at 12:00 ET on 2025-09-25. The pair reached a high of $0.0456 and a low of $0.0425 during the period. Total volume was 11.7 million, with a notional turnover of $495,855, suggesting active participation, particularly in bearish moves around the $0.0448 and $0.0436 levels.

The price structure reveals a bearish bias over the last 24 hours, with a strong support forming near $0.0432 and resistance at $0.0448–$0.0453. A notable candlestick pattern includes a bearish engulfing pattern forming around $0.0452–$0.0450 during the afternoon of 2025-09-24, reinforcing the downward trend. A doji formed around $0.0446–$0.0447 late in the trading day, suggesting indecision or potential reversal near that level. The 20- and 50-period moving averages on the 15-minute chart show a downward slope, aligning with the bearish momentum observed.

MACD indicates weakening bullish momentum, with the histogram shrinking and crossing below the signal line. RSI is currently at 28, suggesting oversold conditions, although it is still too early to confirm a reversal. Bollinger Bands show a contraction earlier in the session but expanded as the price moved lower, with the closing price near the lower band, indicating consolidation and potential volatility breakout. On the 50-period daily chart, the 50, 100, and 200 SMA lines are all in a bearish alignment, reinforcing the medium-term downward bias.

Fibonacci retracements drawn from the swing high at $0.0456 to the swing low at $0.0425 show key levels at $0.0443 (38.2%) and $0.0435 (61.8%). The price is currently hovering near $0.0435, suggesting a potential area of interest for either buyers or sellers. Volume and turnover confirm the bearish bias, with significant spikes in turnover at $0.0448 and $0.0436. Price and volume appear to align well, showing no divergences.

Backtest Hypothesis

The described backtesting strategy could leverage the bearish engulfing and doji patterns identified in the recent price action, combined with RSI reaching oversold levels. A hypothetical long-term sell entry could be triggered near the 61.8% Fibonacci level at $0.0435 with a stop above the doji high at $0.0447 and a target toward the 38.2% retracement at $0.0443, followed by a longer-term bearish target near the 0.0425 swing low. MACD and RSI would act as confirmation signals for entry and exit points, with Bollinger Bands narrowing before expansion used to time entries. This approach could be backtested using the 15-minute OHLC data to evaluate its historical performance across the 24-hour window.