DODO Rises 2.11% on November 12, 2025 Despite Ongoing Yearly Decline
- DODO rose 2.11% on Nov 12, 2025, but remains in a 12-month bearish trend with an 80.93% annual decline. - Analysts debate if the short-term rebound signals a critical support level reversal amid oversold RSI conditions (30) and downtrend indicators. - A backtest strategy evaluates historical cases of similar sharp one-day gains (-80.93% annual drop + 2.11% daily rise) to assess reversal probabilities.
On November 12, 2025,
This recent correction has reignited debate among cryptocurrency analysts about whether DODO has reached a crucial support zone, which could indicate a possible shift in trend. While the single-day increase is relatively small, it is viewed as a positive sign amid ongoing market difficulties, and traders are paying close attention to see if the token can maintain momentum or if it will breach important support levels in the near future.
Technical analysis continues to show DODO in a bearish phase. Both the 50-day and 200-day moving averages are positioned well above the current price, and the relative strength index (RSI) is near 30, suggesting the token may be oversold. Nevertheless, after an 80% decline over the past year, many market participants remain cautious, preferring to wait for a significant market catalyst or a clear increase in buying pressure before making new investments.
Backtesting Hypothesis
To evaluate the importance of DODO’s recent price action, a targeted backtest can be performed focusing on the rare combination of a sharp daily gain and a substantial annual loss. The approach would search for past cases where an asset saw a 1-year return of -80.93% or worse, along with a daily close-to-close increase of at least 2.11%. Meeting both criteria would serve as the signal for the backtest, allowing for analysis of whether such scenarios have historically led to reversals or continued declines.
This method aims to determine if the price movement seen in DODO on November 12, 2025, could mark a pivotal moment or simply reflect ongoing bearish momentum. By examining a range of tickers over the previous three years, the backtest can provide insight into the likelihood of post-event price trends and whether similar setups in the past have resulted in profitable trades.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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