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Summary
• Price surged 12.7% in 24 hours, forming a bullish flag pattern above 0.0186.
• Momentum accelerated in final hours, with RSI rising into overbought territory.
• Volatility expanded dramatically, breaking through key resistance levels.
• Notional turnover spiked 300% after 13:30 ET, confirming bullish conviction.
• Bollinger Bands widened, indicating increased price dispersion and trader activity.
At 12:00 ET–1, DODO/Tether (DODOUSDT) opened at 0.0184, touched a high of 0.0227, and closed at 0.0201 at 12:00 ET. Total 24-hour volume reached 299,478,489, with notional turnover of 661,092.95 USD.

The price action showed a strong bullish reversal from early morning consolidation, with a decisive break above 0.0195 and subsequent tests of prior resistance. A bullish flag pattern formed between 0.0186 and 0.0195, followed by a measured move target near 0.0206 being approached. RSI reached overbought levels in the final hours, while MACD remained in positive territory with a strong upward crossover.
On the 5-minute chart, the 20-period EMA crossed above the 50-period EMA midday, confirming short-term bullish momentum. The 50-period EMA has also moved above the 100-period line, suggesting a growing upward bias.
Bollinger Bands expanded significantly as price volatility increased post-13:30 ET, indicating a breakout move with strong participation. The price closed above the upper band on the 5-minute chart, signaling high volatility and a potential exhaustion of the current trend.
Volume and turnover spiked dramatically after 13:30 ET, with the largest single 5-minute volume (15,912,784) recorded at that time. This confirmed the breakout and aligned with price action, suggesting strong institutional or large-capacity buying.
Fibonacci retracement levels on the morning pullback showed a 61.8% level at 0.0196, which was tested and exceeded, reinforcing the strength of the trend. The 123% extension level now sits near 0.0216, which could offer near-term resistance.
Looking ahead, the next 24 hours may test the 0.0216 level as the next key target. If that fails, a retest of the 0.0201 level is likely. Traders should watch for a potential reversal setup if the RSI closes above 70 or if volume diverges from price.
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