Market Overview for DOGS/Tether (DOGSUSDT) on 2025-10-08

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• DOGS/Tether (DOGSUSDT) traded in a tight range but ended higher, showing a potential reversal after a long downtrend.
• Key support held around 0.0001170–0.0001175, while resistance appears at 0.0001185–0.0001190.
• Volume spiked during the rebound phase, indicating renewed buying interest.
• RSI remains in neutral territory, suggesting potential for further consolidation or a breakout.
• Volatility remains low, with price within the lower half of the Bollinger Bands.

The DOGS/Tether (DOGSUSDT) pair opened at 0.0001191 at 12:00 ET on 2025-10-07 and closed at 0.0001157 at 12:00 ET on 2025-10-08. The 24-hour high and low were 0.0001210 and 0.0001152, respectively. Total volume reached 1,092,419,307.0 while turnover hit 68,620,042.0 in USD value. The pair spent most of the 24-hour period in a sideways to slightly bearish consolidation pattern before a late rebound in the final hours.

Structure & Formations

Price appears to be consolidating within a descending triangle pattern, with key support around 0.0001170–0.0001175 and resistance forming near 0.0001185–0.0001190. A bullish engulfing pattern was observed between 12:00–14:15 ET as the pair rebounded from the 0.0001162–0.0001165 range. A few doji patterns in the 0.0001162–0.0001167 range indicate indecision but were followed by a strong bullish move, suggesting potential accumulation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs crossed below the price in the early hours, reinforcing bearish momentum. However, the 50-period SMA started to catch up with the price late in the session. On the daily chart, the 50-period and 100-period SMAs are converging from above, indicating that the short-term downtrend may be nearing exhaustion, especially if the price holds above 0.0001175.

MACD & RSI

The MACD showed a bearish crossover earlier in the session but reversed into positive territory by the end of trading. RSI stayed in neutral to slightly overbought levels during the rebound, peaking near 58, which is not extreme but suggests momentum is shifting. This could be a sign of a potential short-term bounce, though a break above 0.0001180 would be needed for a stronger bullish signal.

Bollinger Bands

Price remained within the Bollinger Bands for most of the session, staying closer to the lower band. A notable volatility contraction occurred between 06:00–07:30 ET, followed by a widening of the bands as price moved higher. The rebound came while the price was within one standard deviation of the lower band, which could indicate a short-term reversal.

Volume & Turnover

Volume showed a steady increase during the bullish move in the final 4 hours of the 24-hour window. Notional turnover spiked during this period, confirming the strength of the rebound. Divergence was not observed between price and turnover, suggesting the move was supported by real buying pressure.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 0.0001210–0.0001152 swing, the 0.0001170 level aligns with the 38.2% retracement level, which held as support during the session. The 61.8% retracement is at 0.0001180, which could serve as the next key level to watch for a potential breakout.

Backtest Hypothesis

Given the recent consolidation and the confirmed rebound from key support, a backtesting strategy could be constructed to test entries on a bullish breakout above 0.0001175 with a stop below 0.0001165 and a target at 0.0001180–0.0001190. The MACD and RSI behavior supports the idea of entering long positions in anticipation of a short-term reversal. If paired with a volume filter to ensure above-average volume on the breakout bar, this strategy could offer a favorable risk-reward profile. The 15-minute timeframe appears most suitable for capturing this potential trade.