$DODO /USDT Fails to Sustain Above $0.042 — Bearish Below Key Moving Averages
DODO is trading at $0.0409 (+1.24%), but despite the minor intraday gain, the token remains technically weak, capped under all major moving averages:
MA(7): $0.0422
MA(25): $0.0456
MA(99): $0.0454
Technical Snapshot:
Recent bounce from $0.0389 (24h low) shows weak follow-through, with strong resistance near $0.0422–$0.045.
Price is stuck in a downtrend, making lower highs and lower lows.
A decisive break below $0.0389 could target $0.0353, and if that fails, $0.0314–$0.0302 range is next.
Upside potential only re-emerges on a clean reclaim of $0.0456 with volume — until then, expect sell pressure on rallies.
Bias: Bearish — Traders may consider short setups or stay out until a structure break above $0.046.