Market Overview for DOGS/Tether (DOGSUSDT) on 2025-09-23

• Price declined 1.1% on DOGSUSDT, closing at 0.0001208 after testing 0.0001216 high.
• Volatility picked up in the last 8 hours, with a 2.4% range (0.0001216 to 0.0001204).
• RSI entered oversold territory near 28, suggesting potential near-term bounce.
• Volume surged in the 15-minute window of 0.0001216, confirming a key price rejection.

DOGSUSDT opened at 0.0001201 on 2025-09-22 at 12:00 ET, reached a high of 0.0001216, and closed at 0.0001208 as of 2025-09-23 at 12:00 ET, recording a low of 0.0001171. The 24-hour notional volume was $288.1 million, with a total volume of 2.36 billion DOGS traded.

Structure & Formations

The 24-hour OHLCV data for DOGSUSDT revealed a distinct bearish bias in the early part of the session, with a sharp rejection at the 0.0001216 level after an initial test. A bearish engulfing pattern formed during the 09:30–09:45 ET window, indicating a potential reversal. Support appears to have been tested at 0.0001191, with a bullish doji forming around that level, suggesting temporary buying interest. The 0.0001206–0.0001212 range emerged as a key area of consolidation after the initial sell-off.

Moving Averages

On the 15-minute chart, price closed above the 50-period moving average but below the 20-period, indicating a potential short-term bounce. The 200-period moving average on the daily chart remains above the current price, confirming the pair's position in a medium-term bear trend. The 50-period daily MA also acts as a dynamic resistance, currently at 0.0001214, with price appearing to struggle to break above.

MACD & RSI

The MACD line crossed below the signal line in the last 4 hours, reinforcing bearish momentum. RSI dipped to 28 in the last hour, signaling oversold conditions and increasing the probability of a short-term rebound. However, RSI remains below 50, suggesting that bears still maintain control. The divergence between RSI and price in the 08:00–09:30 ET window suggests a possible false rally.

Bollinger Bands

Volatility expanded as price pushed into the upper Bollinger Band (0.0001216) before retracting into the lower band (0.0001196). The bands have since narrowed, indicating a potential period of consolidation. The 15-minute chart shows price sitting within the bands, with the midline at 0.0001207 suggesting a pivot point for near-term action.

Volume & Turnover

Volume spiked to $35.1 million during the 09:45–10:00 ET window as price rejected the 0.0001216 level. The highest 15-minute turnover occurred during the 06:45–07:00 ET window at $26.1 million, coinciding with a strong bearish continuation. Price and volume appear aligned in the late morning session, with no significant divergence between price and turnover, suggesting order in the sell-off.

Fibonacci Retracements

Applying Fibonacci to the recent 0.0001171–0.0001216 swing, key levels include 0.0001202 (61.8%) and 0.0001198 (38.2%). Price appears to have bounced from the 61.8% level (0.0001202) and is currently consolidating near 0.0001206, suggesting that this area may act as a short-term resistance. On the daily chart, the 0.0001195–0.0001223 swing highlights a key 50% level at 0.0001209, which appears to be the next critical test.

Backtest Hypothesis

A potential backtest strategy could involve entering a long position on a bullish engulfing pattern near a 38.2% Fibonacci retracement level, with a stop-loss placed below the doji support at 0.0001191. A take-profit target could be set at the 61.8% retracement level at 0.0001202, aligning with the consolidation observed in the 24-hour data. This strategy would aim to capture a short-term bounce after a confirmed rejection at key support and a positive divergence in RSI.