📊 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.
#DODOUSDT #CryptoBreakout #TechnicalAnalysis #AltcoinReversal #TrendlineBreak #CryptoChart #CryptoSignals #DODOAnalysis #BullishBreakout
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.
#DODOUSDT #CryptoBreakout #TechnicalAnalysis #AltcoinReversal #TrendlineBreak #CryptoChart #CryptoSignals #DODOAnalysis #BullishBreakout
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✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.