Is this really the beginning of a new round of market activity, or is it just another "pump and dump" trap?
Looking back at DODO's journey, it was also a "hot favorite" during the last bull market. The team's marketing efforts were vigorous, with a significant promotional impact, and the price indeed multiplied many times. However, once the bull market passed, it began to decline steadily, almost fading out of the public eye.
Looking closely at the technical signals, they are actually not so optimistic. The MACD has started to weaken, and funds are flowing out. Although the 6-period RSI has dropped to around 31, entering the oversold zone, indicating a possible rebound opportunity - the overall momentum is clearly insufficient. Moreover, while the short-term moving averages are rising, the medium- and long-term moving averages are still in a suppressive state, indicating that this wave of pump has not truly reversed the trend.
Many veteran players are aware that tokens like DODO, where the team excels in marketing and is keen on "shouting orders", can indeed create astonishing price increases during a bull market; however, once market sentiment wanes, without substantial ecology and real demand to support it, the price can easily revert to its original state. Therefore, many classify it as a type that "pumps and then sells" rather than a long-term holding asset.
DODO is once again active; is it a sign that the main players are repositioning, or are they taking advantage of market hype to make another round of selling? Based on past performance, the latter possibility is not low. Especially against the backdrop of the current overall market still being unclear, the risk of chasing after such tokens far outweighs the potential rewards. $DODO #反弹币种推荐
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Is this really the beginning of a new round of market activity, or is it just another "pump and dump" trap?
Looking back at DODO's journey, it was also a "hot favorite" during the last bull market. The team's marketing efforts were vigorous, with a significant promotional impact, and the price indeed multiplied many times. However, once the bull market passed, it began to decline steadily, almost fading out of the public eye.
Looking closely at the technical signals, they are actually not so optimistic. The MACD has started to weaken, and funds are flowing out. Although the 6-period RSI has dropped to around 31, entering the oversold zone, indicating a possible rebound opportunity - the overall momentum is clearly insufficient. Moreover, while the short-term moving averages are rising, the medium- and long-term moving averages are still in a suppressive state, indicating that this wave of pump has not truly reversed the trend.
Many veteran players are aware that tokens like DODO, where the team excels in marketing and is keen on "shouting orders", can indeed create astonishing price increases during a bull market; however, once market sentiment wanes, without substantial ecology and real demand to support it, the price can easily revert to its original state. Therefore, many classify it as a type that "pumps and then sells" rather than a long-term holding asset.
DODO is once again active; is it a sign that the main players are repositioning, or are they taking advantage of market hype to make another round of selling? Based on past performance, the latter possibility is not low. Especially against the backdrop of the current overall market still being unclear, the risk of chasing after such tokens far outweighs the potential rewards. $DODO #反弹币种推荐