Market Overview for DOGS/Tether (DOGSUSDT) — October 13, 2025

• DOGSUSDT declined 1.4% over 24 hours, closing below key support at $0.0000776.
• Volume spiked to $4.85B near 13:45 ET, but failed to confirm a bullish breakout.
• RSI hit 42, indicating potential oversold conditions, though divergence lingers.
• Bollinger Bands narrowed early, signaling consolidation ahead of a possible break.
• A Bullish Engulfing pattern formed at 23:15 ET, but follow-through was weak.

DOGS/Tether (DOGSUSDT) opened at $0.0000763 on October 12 at 12:00 ET and closed at $0.0000768 the following day at 12:00 ET. The 24-hour range spanned from $0.0000749 to $0.0000799. Total volume reached 20.8B DOGS, with a notional turnover of $1.63B.

Price action displayed a bearish bias despite a few bullish attempts. A key support level appears to have formed at $0.0000776, which held during multiple tests but failed to trigger a rebound. The 15-minute RSI indicator hovered near 42, suggesting oversold conditions, though bearish momentum persists as volume failed to confirm price lows. The 20-period moving average (SMA20) on the 15-minute chart crossed below the 50-period (SMA50), indicating a potential continuation of the downward trend.

Bollinger Bands showed a clear contraction in the early morning hours, narrowing between $0.0000778 and $0.0000786, a sign of low volatility and potential breakout. The MACD histogram remained negative, with a bearish crossover in the morning session. Fibonacci retracement levels from the recent high of $0.0000799 to the low of $0.0000749 showed price consolidating near the 61.8% level at $0.0000776, suggesting a potential turning point.

Notable candlestick patterns included a Bullish Engulfing at 23:15 ET, which temporarily pushed price up to $0.0000785 but failed to close above it. A bearish Harami formed at 07:15 ET, signaling indecision and a continuation of the downtrend. Volume spiked near $0.0000773 and $0.0000788, yet price action showed divergence in both instances.

Backtest Hypothesis: To evaluate the effectiveness of the Bullish Engulfing pattern in DOGSUSDT trading, a strategy could be designed to enter long positions upon confirmation of the pattern and exit 15 minutes later. Using historical 15-minute data from October 12 to October 13, one such pattern occurred at 23:15 ET. A backtest would need to validate whether such signals result in consistent profits over a larger dataset. If the pattern proves reliable, it could be integrated into a high-frequency, automated trading system.