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Summary
• Price tested key support at $0.0000490 before rebounding, forming bullish reversal cues.
• Volume surged in early session, confirming bearish momentum before stabilizing near $0.0000500.
• RSI approached oversold territory, hinting at potential near-term bounce.
DOGS/Tether (DOGSUSDT) opened at $0.0000498 at 12:00 ET − 1, reached a high of $0.0000515, and a low of $0.0000482, closing at $0.0000487 as of 12:00 ET today. Total volume for the 24-hour period was 8,141,218,130 DOGS, with a notional turnover of approximately $403,253.33.
Structure & Formations
Price carved a bearish intraday wave from $0.0000515 down to $0.0000482, finding support near $0.0000490–$0.0000495. A bullish engulfing pattern emerged in late trading as price closed higher after a period of consolidation. This pattern may indicate a potential short-term reversal.
Moving Averages
On the 5-minute chart, price dipped below the 20 and 50-period moving averages, reinforcing the bearish bias. On the daily chart,

MACD & RSI
MACD showed bearish divergence in the early session, with a potential bear trap forming. RSI reached oversold levels near 30 in the last 2 hours, suggesting a possible bounce. However, a sustained move above $0.0000505 could indicate a reversal in momentum.
Bollinger Bands
Volatility expanded during the early bearish move, with price hitting the lower band at $0.0000482 before rebounding. The bands have since narrowed, signaling a potential consolidation phase ahead. Price currently sits near the middle band, suggesting indecision.
Volume & Turnover
Volume surged during the bearish phase between 18:00 and 20:00 ET, confirming the move lower. Turnover also spiked during that period, aligning with the price action. More recently, volume has decreased, indicating reduced conviction in the downward move.
Fibonacci Retracements
On the 5-minute chart, price retraced to the 61.8% level at $0.0000490 before stalling. The 38.2% level sits near $0.0000495, which may offer a near-term support level if the rebound continues.
Price appears poised for a potential rebound off recent lows, but a breakdown below $0.0000490 could reignite bearish momentum. Investors may watch volume behavior and RSI for confirmation of a reversal or continuation.
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