$DODO #dodo

DODO/USDT – Breakout or Bull Trap? 👀📈

DODO just grabbed attention with a sharp bullish impulse, printing a strong move from the 0.0165 support zone to a local high near 0.0231. This sudden expansion came with high volume, signaling aggressive participation from buyers after a long period of consolidation.

On the 1H timeframe, price is still above key moving averages (MA 7, 25, 99), which suggests short-term bullish structure remains intact. However, the rejection from 0.023 area indicates that sellers are active at higher levels, turning this zone into a major resistance.

The current pullback toward 0.0190–0.0185 looks healthy so far. If this zone holds as support, DODO may attempt another push toward 0.0215–0.0230. A clean breakout and hold above 0.023 could open the door for trend continuation.

On the downside, losing 0.0180 support may shift momentum back into consolidation or short-term correction.