DODOX/USDT (DODO) is undergoing a noticeable cooling period after its sharp surge to $0.02988. The price has pulled back -16.46% today, currently trading around $0.016481 after finding short-term support near $0.01579.
Here is a breakdown of the daily technical setup:
Correction After Peak: After an explosive vertical pump from the $0.01477 level up to $0.02988, back-to-back red daily candles show active profit-taking across the board.
Slicing Below Key MAs: The price dropped below the MA(7) ($0.02098), MA(25) ($0.01909), and MA(99) ($0.01816), signaling that short-term momentum is currently favoring the bears.
MACD Alignment: The MACD histogram has printed a red bar with the DIF crossing below the DEA line, confirming a temporary loss in bullish steam.
Key Levels to Watch:
Support Zone: The $0.0157 - $0.0147 region is the major demand zone. Buyers must defend this floor to avoid a deeper structure breakdown.
Resistance Zone: Reclaiming $0.0181 - $0.0190 (near MA99 and MA25) is required for bulls to regain control and push back toward $0.020+.
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