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Summary
• Price of DOGS/Tether declined 20% in 24 hours with a breakdown below key support at $0.000044.
• Volume surged over 200-fold in late ET hours, confirming a strong bearish move.
• MACD and RSI indicate oversold conditions, suggesting potential for consolidation or reversal.
• Bollinger Bands show a sharp expansion, signaling heightened volatility.
• Fibonacci retracements indicate possible near-term support at $0.0000393.
DOGS/Tether opened at $0.0000462 on 2026-01-18 at 12:00 ET and closed at $0.0000395 by 12:00 ET on 2026-01-19. The pair reached a high of $0.0000469 and a low of $0.0000356. Total volume across the 24-hour window was $8.67B, while notional turnover stood at $346.88M.
Structure & Moving Averages
The price broke below the 50-period and 20-period moving averages on the 5-minute chart, reinforcing bearish momentum. On the daily chart, the 50-period MA at $0.0000445 now acts as a key resistance-turned-support.

Momentum Indicators
MACD turned negative with a bearish crossover, and RSI has dipped into oversold territory at ~25, suggesting a possible bounce from the lower end of the recent range. However, the strength of the move and divergence in turnover indicate caution about overreliance on short-term bounces.
Volatility & Patterns
Bollinger Bands expanded significantly after a sharp drop between 00:00 ET and 05:30 ET, signaling a period of heightened volatility. A large bearish engulfing pattern formed near $0.0000464, followed by a long bearish candle confirming the breakdown. Volume spiked during this period, validating the move lower.
Volume and Turnover Divergences
Trading volume surged over 200-fold at 00:15 ET and remained elevated for the following 2.5 hours, aligning with the sharp price decline. Turnover also increased in tandem, indicating strong conviction in the bearish move.
Fibonacci Retracements
On the 5-minute chart, price has retraced beyond the 61.8% level of the recent rally, suggesting the current move is part of a larger bearish trend. The next potential support area is at $0.0000393, a 38.2% retracement of the full 24-hour range.
The market appears to be consolidating at lower levels, with the next 24 hours likely to see a test of $0.0000393. A break below that could accelerate the downtrend, but a rebound could trigger a short-term bounce for sellers to reaccumulate. Investors should watch for divergence in volume and RSI to gauge the strength of any reversal.
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