$DODO

📊 In-Depth Analysis of DODO/USDT (1D Chart)

The DODO/USDT pair remains in a medium-to-long-term downtrend since late 2024. However, the current price action shows early signs of a potential reversal.

📐 Pattern and Structure

Downtrend Resistance Line: The descending yellow trendline from the December 2024 peak continues to act as major resistance. Price is now testing this line.

Key Support Zone: The region around $0.0314 – $0.0384 is a strong support area, proven by multiple bounce attempts.

Layered Resistance Zones:

$0.0454

$0.0512

$0.0606

$0.0787

$0.1169

Major high at $0.2219

🟱 Bullish Scenario

If price breaks above the descending trendline, it could signal:

1. A potential short-term trend reversal.

2. First upside targets lie around $0.0454 and $0.0512.

3. With strong volume, further upside to $0.0606 and $0.0787 is possible.

Bullish Confirmation: A breakout candle above the trendline with strong volume and a successful retest.

🔮 Bearish Scenario

If the price gets rejected at the trendline:

1. Price could revisit the critical $0.0314 support.

2. A breakdown below $0.0314 would likely trigger a new lower low, extending the downtrend.

3. Minimal support exists below this level, increasing downside risk.

📌 Pattern Summary

The structure shows a classic descending trendline dominating the market.

The price is consolidating and forming a potential accumulation base.

A confirmed breakout would likely shift the overall momentum.

🧠 Strategy & Risk Management

Aggressive Entry: Buy on breakout + successful retest of trendline.

Conservative Entry: Wait for confirmation above $0.0512 for safer reversal confirmation.

Stop-loss: Below $0.0314, the critical support zone.

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