$DODO The current price of DODO is approximately $0.0877USD, with a slight increase of 5.46% in the past 24 hours. However, over the last week, it has fallen by 21.79%, and over the last month, it has decreased by 24.74%.
Market Cap: DODO's market capitalization stands at roughly $80.58 million USD.
Trading Volume: The 24-hour trading volume is about $11.56 million USD.
Technical Indicators:
Current Technical Rating:
The technical analysis today shows a sell signal. This is supported by the 1-week rating, which also indicates a strong sell signal, and the 1-month rating, which similarly suggests a sell.
Patterns:
Suggest that DODO is forming or has recently formed patterns like a falling wedge or an inverse head and shoulders, which could imply potential recovery or bullish reversal if these patterns complete successfully. However, patterns on daily charts indicate a need for caution as the market has been bearish.
Moving Averages:
According to TradingView, moving averages currently show an overall buy trend, which might contrast with the broader sell signals from other technical indicators. This could indicate some short-term bullish momentum or a potential recovery if the price begins to respect these averages as support levels.
Market Sentiment:
Indicate some traders are anticipating a recovery or breakout, with targets mentioned around $0.20 if current support levels hold. However, the sentiment also acknowledges the recent correction and the need for market stabilization before any significant upward movement.
Volatility:
The crypto market, including DODO, is known for its volatility. The recent price changes have been significant, suggesting traders should approach with caution, especially considering the broader sell signals from technical analysis.
Conclusion: DODO appears to be in a bearish trend according to most technical indicators, with short-term movements potentially influenced by pattern breakouts or reversals. Traders should be cautious, keeping an eye on both technical patterns and market sentiment.
DYOR!! #dodo