Market Overview for DODO/Tether (DODOUSDT) – 2025-10-01

• • •

• DODOUSDT opened at 0.0420 and closed at 0.0445, forming a bullish reversal pattern.
• Price surged past 0.0430 resistance, reaching 0.0450 intraday amid rising volume.
• RSI crossed 50 upward, indicating renewed buying momentum without overbought levels yet.
• Bollinger Bands expanded as volatility increased, with price near the upper band for much of the session.
• Turnover rose significantly in the last 6 hours, confirming late-day strength in DODO/Tether.

DODO/Tether (DODOUSDT) opened at 0.0420 on 2025-09-30 at 12:00 ET and closed at 0.0445 on 2025-10-01 at 12:00 ET. The 24-hour high reached 0.0451, while the low was 0.0416. Total volume amounted to 9,467,184.3 units, with a notional turnover of $411,372.13. The pair displayed a strong bullish bias throughout the session.

Structure & Formations

Price tested key support levels around 0.0420–0.0425 multiple times before breaking decisively higher. A morning consolidation pattern gave way to a bullish engulfing formation after 19:30 ET. A strong bull flag developed in the afternoon, followed by a breakout above 0.0435, which had previously acted as a resistance level. No clear doji or bearish reversal patterns were observed, supporting the view that the bulls are in control.

Moving Averages

On the 15-minute chart, price closed above both the 20-period and 50-period SMAs, with the 20-period line rising steeply. The 50-period line is following closely, suggesting momentum is intact. On the daily chart, price remains above the 50-day SMA but is testing the 100-day SMA at ~0.0440. A close above the 200-day SMA could validate a broader bullish trend.

MACD & RSI

MACD turned positive and crossed the signal line in the last 4 hours, suggesting a potential acceleration in the uptrend. The RSI climbed from the 45–50 range to above 60, indicating growing momentum without reaching overbought territory yet. While not in extreme overbought conditions, the RSI's rapid ascent signals caution for traders entering longs at current levels.

Bollinger Bands

Volatility expanded significantly in the afternoon, pushing price near the upper Bollinger Band for much of the last 8 hours. The bands widened in response to the upward move, indicating increased market participation. A break above the upper band could signal a continuation pattern, while a retest of the midline may offer entry points.

Volume & Turnover

Volume increased substantially in the afternoon and evening, particularly in the final 6 hours of the session, where it accounted for nearly 30% of the total volume. Turnover also spiked in the same period, confirming price action. No notable divergence between volume and price was observed, supporting the validity of the breakout.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from 0.0420 to 0.0451, key retracement levels at 38.2% (0.0435) and 61.8% (0.0443) were tested and held. Price is currently consolidating near 0.0445, which aligns with the 76.4% extension level. A break above this may aim for 0.0455 as the next target.

Backtest Hypothesis

A backtesting strategy could be built around the convergence of RSI and MACD above neutral thresholds (RSI > 50, MACD bullish crossover), combined with a breakout above key Fibonacci levels and rising volume. Triggers could include closing above the 61.8% Fibonacci level with confirmation from a bullish engulfing pattern. Stop-loss placement could sit just below the 50% retracement level. This approach would aim to capture continuation moves in a trending environment, using volume and momentum indicators for confirmation.