$DOLO Price Update โ September 5, 2025
@Dolomite_io e saw heavy selling pressure today, with $DOLO trading at $0.1639 (-11.93% 24h) ๐. While the global market cap rose by +1.86%, DOLO struggled, reflecting short-term profit-taking after its massive 123% rally in the past 30 days.
๐ฅ Why the Drop?
1๏ธโฃ Profit-Taking โ After weeks of Trump-themed speculation and hype, many traders locked in their gains. DOLOโs volume spiked 28% to $168M, a clear sign of exits.
2๏ธโฃ Technical Setup โ Price dropped under both the 7D SMA ($0.245) and 30D EMA ($0.218). The MACD remains bearish, while RSI at 47 shows neutral momentum.
3๏ธโฃ Lingering Concerns โ The $165K address poisoning case is still in tradersโ minds, even though it wasnโt protocol-related.
๐ Key Levels: Support at $0.192 must hold. If it breaks, $0.144 could be tested. Resistance is at $0.212.
๐ก Outlook: Despite this dip, DOLO is still up +489% in 90 days ๐. For believers in DeFi lending, this might be a healthy correction before the next leg up.
#Dolomite $DOLO
