Market Overview for DODO/Tether (DODOUSDT) – October 31, 2025

• DODO/Tether opened at $0.0288, reached a high of $0.0298, and closed at $0.0294 within the 24-hour period.
• Price showed a moderate bullish bias amid increasing volume, especially during late ET hours.
• A Morning Star pattern was observed, but momentum remains constrained by a key resistance at $0.0295.
• The RSI hit overbought levels late in the session, suggesting potential for near-term consolidation.
• Bollinger Bands show moderate volatility, with price hovering near the upper band, indicating bullish pressure.

The DODO/Tether (DODOUSDT) pair opened at $0.0288 at 12:00 ET − 1, reaching a high of $0.0298 and closing at $0.0294 at 12:00 ET the following day. Total traded volume amounted to 6,921,170.1, with a notional turnover of $199,805.90. Price action showed a moderate bullish bias, especially after 20:00 ET, with a clear reversal from earlier bearish momentum. A Morning Star pattern formed near $0.0282, but buyers failed to push decisively above the $0.0295 resistance level, which appears to be acting as a short-term cap.

Structure & Formations

The 24-hour period saw multiple key formations, including a Morning Star at ~$0.0282 and a Bearish Engulfing pattern earlier in the session. The price found support at $0.0280 during the early ET hours, with a strong rebound afterward. Resistance is forming around $0.0295, with multiple candle closes failing to break through this level. A bearish Doji appeared around $0.0285 in the mid-session, suggesting indecision before the final rally.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs show a bullish crossover after 19:00 ET, reinforcing the reversal in sentiment. For the daily chart, the 50-period SMA is at ~$0.0289, while the 200-period SMA is slightly below that. Price remains above both, indicating a bullish bias for the longer term, though the 100-period SMA has acted as a minor resistance at ~$0.0292.

MACD & RSI

The MACD turned positive after 20:00 ET, with a narrowing histogram suggesting momentum may be peaking. The RSI reached overbought territory (~70) near the close, which may signal a short-term pullback. However, the divergence between price and RSI during the mid-session dip appears to be a bullish sign, as lower prices coincided with higher RSI values.

Bollinger Bands

Price remained within the Bollinger Bands throughout the session, with volatility increasing in the late ET hours. The upper band sat around $0.0298, and the close at $0.0294 nearly touched it. A breakout above this level could trigger further gains, while a failure to sustain above it may see a retest of the $0.0288–$0.0287 consolidation zone.

Volume & Turnover

Volume increased significantly in the evening and late night ET hours, confirming the bullish breakout from earlier intraday lows. Turnover spiked during the late ET rally, suggesting active participation from larger players. A divergence appears at mid-session, where volume was relatively low despite a sharp price drop. This may hint at distribution or a lack of follow-through buying at lower levels.

Fibonacci Retracements

Applying Fibonacci to the $0.0280–$0.0296 swing, the 61.8% level is at ~$0.0289 and acted as a minor support/resistance zone. The 38.2% level at ~$0.0292 also appears to have influenced some candle closures. On the daily chart, Fibonacci levels suggest a potential retest of the $0.0295–$0.0296 range as a key target.

Backtest Hypothesis

Given the observed Morning Star and Bearish Engulfing patterns, as well as the strong RSI divergence and Bollinger Band expansion, a backtest using intraday candlestick patterns could provide insight into potential directional bias. A strategy that enters long at the close of a confirmed Bullish Engulfing or Morning Star pattern and exits at the close of the next bar would align with the observed structure. This approach could validate whether early pattern detection correlates with subsequent price movement. For this backtest, using the close of the pattern bar and the next bar’s close (option a) may provide a more accurate signal for intraday traders aiming for quick, low-latency entries.