Latest Doodles (DOOD) Price Analysis

Deep Dive

1. Technical Breakdown (Bearish Impact)

Overview: DOOD’s price broke below its 7-day SMA ($0.003349) and 30-day SMA ($0.0036434), with the RSI (37.03) nearing oversold territory. The MACD histogram (-0.000068967) confirms bearish momentum.

What this means: Technical traders likely exited positions after the price fell below critical moving averages, accelerating selling. The next support sits near the Fibonacci 78.6% retracement level ($0.003486), but weak volume (-21.81% 24h) suggests limited buying interest.

2. NFT Market Cooling (Mixed Impact)

Overview: While July’s NFT sales surged 48% month-over-month, Doodles’ sales lagged behind top collections like CryptoPunks and Pudgy Penguins. Recent DOOD-linked initiatives (e.g., Telegram sticker packs) saw initial hype but faded.

What this means: The project’s utility-driven NFT strategy hasn’t translated to sustained token demand. Doodles’ floor price and trading volume remain volatile, failing to anchor investor confidence amid broader NFT market fluctuations.

3. Supply Overhang (Bearish Impact)

Overview: DOOD’s circulating supply (7.8B tokens) represents 78% of its 10B total supply, creating persistent dilution risk. The May 2025 airdrop to holders of meme coins like MUBARAK and BROCCOLI714 added sell pressure, with recipients likely offloading tokens.

What this means: High supply and low turnover (0.194) indicate thin liquidity, magnifying downside volatility. Long-term holders face dilution unless demand rebounds sharply.

Conclusion

DOOD’s decline reflects a mix of technical breakdowns, fading NFT momentum, and structural supply challenges. While oversold conditions could invite short-term rebounds, sustained recovery likely requires stronger utility (e.g., gaming integrations) or supply burns.

Key watch: Monitor DOOD’s ability to hold the $0.0028 Fibonacci swing low – a breakdown could trigger another leg down.

TLDR Doodles (DOOD) rose 2.51% over the last 24h, contrasting with a 15.36% weekly decline. The move aligns with broader NFT market momentum but faces technical resistance. Key drivers:

1. NFT market resurgence – July’s 48% NFT sales surge lifted Doodles’ visibility.
2. Technical rebound – Oversold signals after a 15% weekly drop sparked short-term buying.
3. Social engagement – Recent community-driven sticker campaigns and Telegram integrations.

Deep Dive

1. NFT Market Momentum (Bullish Impact)

Overview: The global NFT market saw $575M in July sales (+48% MoM), with Doodles ranking among top collections like CryptoPunks and Bored Apes. Its floor price rebounded to 0.89 ETH, and a rare Doodles #0 NFT sold for $1.4M in July (CryptoSlam).

What this means: Rising NFT volumes signal renewed interest in blue-chip collections, creating spillover demand for DOOD tokens. Doodles’ pivot to utility-driven NFTs (e.g., Telegram stickers) aligns with the sector’s shift toward functional assets.

What to look out for: Sustained NFT sales growth and Doodles’ August roadmap updates for DreamNet, its AI-powered storytelling platform.

2. Technical Rebound (Mixed Impact)

Overview: DOOD trades at $0.00354, below its 7-day SMA ($0.0038) and 30-day SMA ($0.00372). The RSI-7 (43.52) suggests mild oversold conditions, while MACD shows weakening bearish momentum.

What this means: Short-term buyers may be capitalizing on discounted levels after a 15% weekly drop. However, resistance at the 7-day SMA ($0.0038) and Fibonacci 23.6% level ($0.00525) could limit upside.

What to look out for: A close above $0.0038 (SMA) to confirm bullish reversal potential.

3. Community & Partnerships (Neutral Impact)

Overview: Doodles’ June NFT sticker launch sold out in <24h, with 101K users attempting purchases. Recent tweets (e.g., “watching 🟢 - 🟢 $DOOD” on July 21) hint at coordinated community efforts.

What this means: High engagement in limited-edition drops fosters loyalty but hasn’t translated to sustained token demand. Telegram’s 1B+ user base offers growth potential if sticker adoption scales.

What to look out for: Metrics from Doodles’ DreamNet AI hackathon (June 26–July 3) and TON blockchain integrations.

Conclusion

DOOD’s 24h gain reflects NFT market tailwinds and technical buying, though long-term traction depends on executing its AI/metaverse roadmap. Key watch: Can DOOD break $0.0038 resistance, or will fading NFT momentum trigger profit-taking?