DODO which makes DeFi liquidity more accessible, uses its own proactive market-maker algorithm to offer better liquidity and price stability instead of automated market makers, which many other DEXs use. Anyway, DODO has been in a downtrend for a while. However, recently the price has broken the downtrend line upward and then retracted to make another minor downtrend line; DODO broke that too and then made a sharp upward wave. It seems DODO is signaling a reversal. Let's see what happens.
DODO made two signs of reversal, first breaking the major downtrend line, then oscillating in a sideways. The only confirmation remain is to break the first horizontal resistance area, which failed to break two times now. Let's see what happens.