Market Overview for DODO/Tether USDt (DODOUSDT) – 24-Hour Analysis as of 2025-09-10

• DODO/USDT traded in a narrow range for most of the day before surging above 0.0485, reaching a 24-hour peak of 0.0505.
• Strong buying pressure emerged post 10:00 ET, with volume exceeding 4.3 million units and turnover peaking at $4.4 million.
• RSI climbed into overbought territory during the rally, indicating potential exhaustion, though momentum remains bullish.
• Bollinger Bands expanded significantly, reflecting heightened volatility as price broke out above key 0.0485 resistance.
• A large bullish engulfing pattern formed around 10:15–10:30 ET, reinforcing the case for further upward movement.

DODO/Tether USDt (DODOUSDT) opened at 0.0457 on 2025-09-09 at 12:00 ET and traded as low as 0.0456 before closing at 0.0495 at 12:00 ET the following day. The 24-hour high was 0.0505, and the low was 0.0456. Total trading volume reached 22.5 million USDT, with notional turnover hitting $9.1 million.

On the 15-minute chart, the price formed a strong bullish engulfing pattern during the 10:15–10:30 ET session, signaling potential for further upside. The price also broke through a key 0.0485 resistance level with confirmation from high volume and a steep RSI move into overbought territory. This suggests a continuation of the upward trend in the near term, although a pullback should not be ruled out.

The 20-period and 50-period moving averages on the 15-minute chart show a steep bullish crossover around the 10:00 ET time frame, reinforcing the recent strength in the pair. The 50-period moving average now lies below the price, supporting a bullish bias. On the daily chart, the 50- and 100-period moving averages remain in alignment, suggesting a longer-term bullish trend could be in place.

MACD remained positive throughout the morning session, with a strong bullish signal crossing above the zero line during the 06:00–06:15 ET period. RSI reached overbought levels near 75 during the 10:15–10:30 ET surge, indicating short-term momentum may be exhausted, though the trend remains intact. Bollinger Bands widened significantly as the price surged above the upper band, suggesting a period of heightened volatility and a potential continuation of the move higher. Key Fibonacci levels from the previous 15-minute swing (0.0465–0.048) suggest a 38.2% retest at 0.0475 and a 61.8% level near 0.048, both of which were surpassed.

The backtest hypothesis explores the use of the bullish engulfing pattern and a short-term moving average crossover (50/20) on the 15-minute chart as entry signals. The strategy aims to identify strong continuation patterns in a trending market and execute trades when both the pattern and momentum indicators align. It would likely include stop-loss and take-profit parameters based on volatility and Fibonacci levels to manage risk. This approach could be effective in markets like DODOUSDT, where short-term momentum and trend continuation are common.