Deep Dive
Overview: Doodles announced the completion of its “$DOOD refresh” on August 18, hinting at ecosystem upgrades. This followed a July NFT sales surge where Doodles #0 sold for $1.4M, reinforcing brand value.
What this means: Renewed developer activity and high-profile NFT sales often correlate with token price rallies, as seen with other NFT-linked tokens like Pudgy Penguins’ PENGU. The refresh signals ongoing innovation, attracting speculative capital.
What to watch: Follow-up announcements about the refresh’s specifics and any partnerships.
2. Airdrop Speculation (Mixed Impact)
Overview: Unverified social media posts on August 15 suggested a possible DOOD airdrop tied to a new game, driving retail interest.
What this means: Airdrop rumors typically trigger short-term buying as users position for free tokens. However, similar events in May 2025 led to a 40% price drop post-airdrop due to sell-offs (Cointelegraph).
What to watch: Official confirmation or denial from the Doodles team.
3. Technical Indicators (Neutral/Bullish)
Overview: DOOD’s 7-day RSI (56.59) suggests mild bullish momentum, while the MACD histogram turned positive for the first time in weeks. Price currently tests the 30-day SMA ($0.0032553), a critical resistance level.
What this means: A sustained break above $0.00325 could signal further upside, but failure may trigger profit-taking. The token’s 24h volume ($3.63M) remains below its May 2025 peak, indicating cautious participation.
Conclusion
DOOD’s rally combines speculative airdrop hype, technical momentum, and renewed project visibility. While the refresh and NFT traction are positive, the token’s 91% annual decline underscores lingering risks.
Key watch: Can DOOD hold above $0.0032? A close above this level may attract trend followers, while a rejection could reignite bearish sentiment.