Market Overview for DODO/Tether (DODOUSDT)

• Price dropped 24.2% from 0.0469 to 0.0444 on 2025-10-09
• Volatility increased during early morning ET, with high volume at 194,294.1 turnover
• RSI suggests oversold conditions, with a reading near 20-30
• Downtrend confirmed by bearish 15-minute patterns and strong support near 0.0442-0.0445
• Large 15-minute bear candles and Bollinger Band contraction highlight key turning points

DODOUSDT opened at 0.0469 on 2025-10-08 at 12:00 ET and reached a high of 0.0481 before dropping to a 24-hour low of 0.0442. The pair closed at 0.0444 at 12:00 ET. Total 24-hour volume was 19,192,802.2, with a turnover of 194,294.1.

Structure & Formations

Price action revealed a strong bearish bias throughout the day, with key support identified near 0.0442-0.0445 and 0.0452. A large bearish candle at 2025-10-09 14:45 ET marked a new short-term low and confirmed a breakdown below a prior consolidation range. Several doji and engulfing patterns indicated indecision and bearish continuation, especially between 03:00 and 07:00 ET.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both fell below key swing lows, reinforcing the downtrend. On the daily chart, price remains below the 50, 100, and 200-period moving averages, suggesting a deeper bearish bias. Crossovers remained negative, with no short-term reversal signals emerging.

MACD & RSI

The MACD line remained negative throughout the 24-hour period, with bearish divergence observed after the 0.0452 level. RSI dropped below 30, suggesting oversold conditions, but lacks immediate bullish confirmation. A potential rebound may be expected if RSI holds above 30 and the MACD avoids further negative divergence.

Bollinger Bands

Bollinger Bands showed a moderate expansion following the breakdown at 0.0448, with price closing near the lower band, indicating high volatility and bearish momentum. A retest of the lower band could signal continuation or rejection depending on volume behavior.

Volume & Turnover

Volume spiked significantly around the 14:45 ET time frame, coinciding with the breakdown at 0.0448 and the new low at 0.0442. The large turnover at this point confirmed strong bearish conviction. However, volume dipped after 16:00 ET despite continued bearish price action, suggesting potential exhaustion or accumulation near the support zone.

Fibonacci Retracements

The 0.0444 closing price is near the 61.8% Fibonacci retracement level of the previous 15-minute upswing from 0.0452 to 0.0468. This level appears to be acting as a critical support zone. A break below 0.0442 would suggest a 76.4% retracement, indicating possible further downward pressure to 0.0435.

Backtest Hypothesis

Applying a mean reversion strategy based on RSI and Bollinger Bands could offer potential short-term trades in the oversold zone. A long entry could be triggered on a RSI cross above 30 and a price retest above the Bollinger Band lower boundary, with a stop below 0.0442 and a target near 0.0455.