After a highly-hyped launch, $DOLO has plummeted from a high of 0.2970 to its current price of 0.20146, a drop of over 16% today.
This sharp decline is likely due to early investors selling their holdings to lock in profits, leading to a wave of selling pressure. 📉
The token is currently at a critical juncture. It's hovering near its initial value zone of 0.1870–0.1900. This area is a key support level. If it holds, we could see a rebound toward the 0.2200–0.2300 resistance zone. 📈
However, if the price drops below 0.1900, it could trigger another round of selling, potentially pushing DOLO to 0.1800 or lower. 🐻
Given its high volatility, it's best to stay cautious and practice good risk management. DOLO needs to stabilize before a clear trend can be established. 🧘♀️
What do you think—is a rebound in the cards, or will the bears continue to pull it down? 🤔