DODO USDT DODO Technical Analysis

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By Frans van Elst

DODO logo In this DODO technical analysis, we will examine the current price action, trading volume, key levels and indicators for DODO-USDT. DODO is a decentralized exchange (DEX) built on the Ethereum blockchain that utilizes a novel liquidity pool model to provide users with a more efficient and secure trading experience. The platform’s native token, DODO, powers the liquidity pools and rewards users for contributing liquidity. With its innovative design and user-friendly interface, DODO is set to revolutionize the DEX landscape and empower traders with more control over their assets.

DODO Price Overview:

As of May 03, 2024, DODO is trading at approximately 0.1814 USDT. Let’s dive into the detailed price action for DODO-USDT:

Explore DODO’s (DODOUSDT) bullish trends at 1.81e-01 USDT, supported by strong fundamentals and promising indicators, as revealed in technical analysis.

Metric Value
Open (O) 0.17
High (H) 0.1816
Low (L) 0.1689
Close (C) 0.1814
Volume (C) 7,079,569.70
  • Open (O): The opening price for today’s trading session was approximately 0.17 USDT.
  • High (H): DODO reached a daily high of around 0.1816 USDT.
  • Low (L): The daily low for DODO-USDT was approximately 0.1689 USDT.
  • Close (C): At the time of analysis, DODO is trading near its daily close of 0.1814 USDT.
Metric Value
1D Change (%) 6.71%
3D Change (%) 9.01%
7D Change (%) 2.20%
30D Change (%) -19.23%
90D Change (%) 19.26%
YTD Change (%) -9.30%

Over the past three days, DODOUSDT has increased by approximately 9.01%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 2.20%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DODOUSDT maintaining a downward trend of approximately -19.23%, despite intermittent fluctuations. Examining the last 90 days, DODOUSDT has witnessed substantial increase of approximately 19.26%, reflecting strong long-term confidence. Year-to-date, DODOUSDT has steadily depreciated by around -9.30%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

DODO Live Chart:

You can access a live price chart for DODO-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 1.162.
  • Momentum score is 0.01397.

DODO USDT Technical Analysis

DODO Trading Volume:

The trading volume for DODO (DODO) over the past 24 hours has been insignificant, with approximately 7,079,569.70 USDT traded against DODO. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): DODO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): DODO is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for DODO-USDT is currently in the neutral zone, around 46.43784. This suggests that DODO is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

DODO (DODO-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Explore DODO’s (DODOUSDT) bullish trends at 1.81e-01 USDT, supported by strong fundamentals and promising indicators, as revealed in technical analysis.

Dive into the details with our in-depth analysis on DODO BTC DODO Technical Analysis; you won’t want to miss it if you found this post interesting.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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