Market Overview: DODO/Tether (DODOUSDT) - 24-Hour Analysis

Summary
• Price tested key support at $0.0194 and rebounded, forming a bullish reversal pattern near 03:00 ET.
• Momentum shifted positively after 05:00 ET as RSI crossed above 50, suggesting renewed buyer interest.
• Volatility surged between 09:00 and 10:30 ET as price broke above the upper Bollinger Band, indicating increased optimism.
• High volume and turnover at 09:00 ET confirmed a breakout above prior resistance at $0.0203.
• Fibonacci retracement levels at 0.0202 and 0.0205 may now act as near-term resistance with the rally in place.

DODO/Tether (DODOUSDT) opened at $0.0196 on 2026-01-06 12:00 ET, reached a high of $0.0205, a low of $0.0192, and closed at $0.0196 as of 12:00 ET on 2026-01-07. The 24-hour volume amounted to 8,944,946.6 units, with a notional turnover of $175,989.17.

Structure & Candlestick Formations

Price found support at $0.0194, forming a bullish reversal pattern around 03:00 ET. A strong green candle at 09:00 ET confirmed the breakout above $0.0203, while a series of bullish hammers and bullish engulfing patterns reinforced the shift in sentiment. The 61.8% Fibonacci retracement level at $0.0202 now acts as a potential short-term resistance.

Moving Averages and Momentum

The 20 and 50-period moving averages on the 5-minute chart aligned with bullish momentum as price moved above both. On the daily chart, the 50-period SMA at $0.0196 provided support, while the 200-period SMA remained neutral. MACD turned positive after 05:00 ET, with a bullish crossover supporting the upward trend. RSI rose above 50 and remained within overbought territory for several hours, indicating sustained buying pressure.

Volatility and Bollinger Bands

Volatility expanded between 09:00 and 10:30 ET, with price spiking above the upper Bollinger Band. The widening bands reflected increased market participation and sentiment shifts. Price has since consolidated within the bands, suggesting a temporary pause in aggressive bullish momentum.

Volume and Turnover Analysis

Volume and turnover spiked at 09:00 ET with the breakout above $0.0203, confirming the move as a valid breakout rather than a false signal. The volume was concentrated during the early morning session and spiked again during the midday surge. There were no notable divergences between price and volume, supporting the integrity of the bullish trend.

Looking ahead, the next 24 hours could see DODOUSDT test $0.0205—key resistance from the previous session’s high—before facing potential profit-taking. Investors should remain cautious of increased volatility and potential consolidation following the sharp move.