Market Overview for DODO/Tether (DODOUSDT) as of October 28, 2025

• DODO/USDT retreated to 0.0317–0.0319 support, reversing an earlier 0.0321–0.0331 rally amid thin volume.
• Volatility expanded midday, with high-low range exceeding 0.0003, but momentum weakened into the overnight.
• RSI and MACD signaled bearish momentum, with price closing near daily lows.
• Turnover spiked to 6.9 million USDT during key breakouts and breakdowns.
• A 15-minute doji at 0.0321 and a bearish engulfing pattern at 0.0322 suggest potential for further downside.

DODO/Tether (DODOUSDT) opened at 0.0328 at 12:00 ET–1 and traded between 0.0317 and 0.0332 before closing at 0.0317. The 24-hour volume reached 45.7 million DODO, with notional turnover at approximately 1.46 million USDT. A midday rally tested 0.0332 but failed to hold, with bearish continuation into the overnight.

Structure & Formations

DODO/USDT displayed a key support cluster between 0.0317 and 0.0319, successfully tested multiple times during the overnight and Asian session. A notable bearish engulfing pattern formed near 0.0322 at 05:30 ET, confirming a short-term reversal after a minor rebound from 0.0319. A doji at 0.0321 during the US session suggested indecision amid thin volume. Resistance levels at 0.0323 and 0.0325 have been tested but not broken, with the 20-period EMA (15-min) at 0.0320 serving as a dynamic pivot point.

Moving Averages

On the 15-minute chart, the 20 and 50 EMA lines are in a bearish crossover around 0.0320–0.0321. The 20 EMA has been a key resistance during rebounds, while the 50 EMA has acted as a dynamic ceiling. On the daily chart, the 50 and 200 EMA lines are in a bearish alignment, with price currently below both and trending downward, suggesting continued bearish bias ahead of key support at 0.0315–0.0316.

MACD & RSI

The MACD turned negative at the session high and remains bearish, with the signal line crossing below zero at 0.0321. RSI has dipped into oversold territory, reaching 28–30 during the overnight lows, indicating the potential for a minor bounce if buying interest reemerges. However, a prolonged bearish trend remains in place unless RSI can close above 50 with increased volume.

Bollinger Bands

Price action expanded beyond the upper Bollinger Band during the midday rally to 0.0331 and has since compressed into the lower band as it approaches 0.0317. Volatility has increased from a 15-minute standard deviation of 0.0001 to 0.0003 during the consolidation phase, with the 20-period Bollinger Band squeeze indicating potential for a breakout or breakdown in the next 24 hours.

Volume & Turnover

Volume spiked during key swings, including the midday high at 0.0331 and the overnight low at 0.0317. Notional turnover was strongest during these key levels, suggesting institutional involvement or liquidity depletion. Price and volume action are aligned in the bearish direction, with volume increasing as price approaches key support levels, indicating a lack of buyers and potential for further downside.

Fibonacci Retracements

Fibonacci levels for the 0.0317–0.0331 swing show price testing the 61.8% retracement at 0.0323 and the 50% at 0.0323–0.0324 during the midday rally. The 38.2% retracement at 0.0321 coincided with a 15-minute doji, suggesting a potential reversal or consolidation. On the daily chart, the 61.8% retracement of the previous week’s low to high is at 0.0312–0.0315, which may become a key zone for support or a bounce point in the coming days.

Backtest Hypothesis

The backtesting strategy proposed aims to evaluate the effectiveness of using a specific ticker symbol to detect price touches at the 0.0317 support level for DODO/USDT. This approach would allow for the analysis of historical price behavior in response to this critical support, potentially identifying patterns or signals that could inform future trading decisions. Given the current bearish momentum and the recent test of support, the backtest could provide insights into the likelihood of a reversal or further decline, especially if the correct ticker is used to ensure accurate historical data retrieval.