Massive Bottoming Structure & Trendline Breakout
Trendline Breakout: After a prolonged multi-month decline, DOOD/USDT is finally breaking out above a key descending trendline (yellow line) on the daily timeframe.
Accumulation & Volume: Significant buying volume has entered the market throughout July and August around the $0.00100 - $0.00130 level, indicating strong accumulation at the bottom.
Ichimoku Cloud Dynamics: Price is pushing up into the thinning Ichimoku Kumo cloud, signalling a major momentum shift from macro bearish to early bullish reversal.
Why it matters
A daily candle close above the trendline confirms the end of the markdown phase and invalidates the long-term downtrend.
Thin resistance overhead up to $0.0040 allows for a fast expansion phase once key cloud resistance is cleared.
What I expect next
Target 1 (First Impulse): Breakout expansion towards $0.00400 – $0.00650.
Retest & Continuation: A shallow retest/pullback toward new support around $0.0035 - $0.0040 before the secondary leg up toward $0.0100+.
Invalidation: A breakdown back below the recent lows ($0.00100).
