The recent price spike in $DODO appears to be misleading. Although there was a strong green candle accompanied by high volume, the subsequent candles show significantly reduced trading volume, indicating weakening momentum. This pattern often suggests that the upward movement may not sustain and a downward trend could follow.
For traders, grid trading might offer some opportunities for short-term profits, but investing with the expectation of a major price surge seems risky at this stage. As always, it’s essential to conduct your own research (DYOR) before making any investment decisions.
Keep an eye also on $RED and $AAVE for potential movements.
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