Market Overview: DOGS/Tether (DOGSUSDT) on 2025-10-12

• Price dropped from $0.0000746 to $0.0000690 before a late-day rally to $0.0000716 at 12:00 ET.
• Volatility surged after $0.0000701 as sellers dominated until 19:30 ET, triggering a sharp decline.
• Volume spiked during the bearish breakout, confirming the move; subsequent accumulation hints at a potential rebound.
• RSI bottomed in oversold territory, while MACD crossed from negative to positive—signs of short-term bullish momentum.
• Bollinger Bands showed a strong contraction before the 15:00 ET breakout, followed by a sharp expansion, indicating increased volatility.

DOGS/Tether (DOGSUSDT) opened at $0.0000741 on 2025-10-11 12:00 ET, reached a high of $0.0000765, fell to a low of $0.0000684, and closed at $0.0000716 at 12:00 ET on 2025-10-12. Total 24-hour volume was 88.2 billion DOGS, with a turnover of $6.15 million, reflecting active participation during the key bearish phase and recovery.

Structure & Formations

Price action on DOGSUSDT showed a sharp bearish breakdown from the $0.0000741–0.0000765 range after a bearish engulfing candle formed at 19:30 ET, which confirmed the shift in sentiment. A subsequent bullish hammer at 22:45 ET indicated accumulation and potential short-covering, followed by a gradual rise toward $0.0000716. Key support levels emerged at $0.0000700, $0.0000685, and $0.0000670, while resistance appears to be testing at $0.0000725 and $0.0000740. A bullish reversal pattern is forming near the $0.0000710–0.0000715 area, suggesting a possible rebound.

Moving Averages

The 15-minute chart showed price breaking below the 20-EMA and 50-EMA during the bearish phase, confirming the downward bias. However, in the final hours of the session, the 20-EMA began to cross back above the 50-EMA, indicating a potential shift in momentum. On the daily chart, price remains above the 200-SMA but below the 50-SMA, reflecting a mixed signal—bearish in the short term but supportive of a longer-term bullish trend if the current bounce is confirmed.

MACD & RSI

The RSI dropped into oversold territory at 28 near the session low and began a recovery toward 52, suggesting short-term exhaustion in the bears. The MACD crossed from negative to positive territory in the final 30 minutes of the session, reinforcing the bullish turn. The histogram showed a positive divergence after the 19:30 ET breakdown, hinting that sellers may be losing strength.

Bollinger Bands

Bollinger Bands showed a clear contraction during the 19:00–20:00 ET period, preceding the sharp bearish breakout, a typical setup for a volatile move. The price broke below the lower band at 19:30 ET, confirming the breakdown. In the final hours, the bands expanded, and price moved back toward the upper half of the band, suggesting a possible consolidation or reversal if the $0.0000716–0.0000720 range holds.

Volume & Turnover

Volume spiked during the bearish phase, with the $0.0000700–0.0000705 range experiencing the highest notional turnover. This confirms the breakdown and indicates strong conviction from sellers. In the final hours, volume remained elevated but less concentrated, with accumulation visible between 04:30–06:00 ET and 09:15–10:00 ET, suggesting buyers entered the market at lower levels. No significant price-volume divergence was observed, supporting the idea of a potential short-term rebound.

Fibonacci Retracements

On the 15-minute chart, price found key support at the 61.8% retracement level of the $0.0000746–0.0000684 move at $0.0000708–0.0000710, aligning with the bullish hammer formation. On the daily chart, the 50% retracement of the $0.0000684–0.0000765 swing sits at $0.0000724, which could be a short-term resistance level if the current rally continues.

Backtest Hypothesis

Given the price behavior and confirmation through RSI and MACD, a possible backtesting strategy could involve entering a long position on a bullish hammer forming below a key support level—such as the $0.0000700 level—combined with a positive MACD crossover and RSI above 50. A stop-loss could be placed below the hammer’s low, with a target near the 61.8% Fibonacci retracement at $0.0000716–0.0000720. This setup could be tested on previous 15-minute breakdowns and subsequent bounces to validate its consistency in DOGSUSDT’s behavior.