Based on the technical data and charts you shared, here is a detailed analysis of the price forecasts for the DOLO currency and recommendations:
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📊 Current technical analysis (as of August 28, 2025):
1. Overall trend and momentum:
· Neutral to bearish in the short term:
· Moving averages show sell signals (7) versus buy (5), indicating strong selling pressure.
· The 5-day moving average (MA5) at 0.21249, and the 200-day average (MA200) at 0.25266, confirming that the current price is under strong long-term resistance.
· Technical indicators:
· STOCHRSI(14) at 86.992 (strong buy signal) – indicates potential bullish momentum but may be in overbought territory.
· MACD(12,26) at -0.005 (sell signal) – indicates weakness in bullish momentum.
· ATR(14) at 0.0065 (low volatility) – indicates relative calm that may precede a significant move.
· Williams %R at -29.741 (buy signal) – supports the possibility of a bullish rebound.
2. Major support and resistance levels:
· Near resistance: 0.22064 (traditional pivot point).
· Strong support: 0.20517 (lowest pivot point).
· If the price breaks above 0.22064: it may target 0.22784 (20-day moving average).
· If the price breaks below 0.20517: it may drop to 0.20081 or lower.
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📈 Short-term forecasts:
1. Current momentum:
· Mixed with a bearish bias due to:
· Weak signals from moving averages.
· Sell signal from MACD.
· Some indicators (like STOCHRSI and Williams %R) support a potential bullish rebound, but it may be limited.
2. Two potential scenarios:
· Bullish scenario: If the price rises above 0.22064 with high trading volume, it may target 0.22784.
· Bearish scenario: If it drops below 0.20517, it may move towards 0.20081 or lower.
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💡 Practical recommendations:
1. If you are looking to buy:
· Wait until the price touches strong support (like 0.20517 or 0.20081) to enter with lower risk.
· Use stop-loss orders below 0.20000 to protect capital.
· First profit target: 0.22064 (pivot resistance).
2. If you are looking to sell:
· Selling at the current resistance (0.22064) may be a good opportunity if the price fails to break.
· If the price is above 0.22064: wait until it approaches 0.22784 (MA20 resistance) to sell.
3. Risk management:
· Volatility is currently low (ATR = 0.0065), but any negative news or closing below 0.20517 could cause a sharp drop.
· Do not invest more than 5-10% of your portfolio in this currency due to unstable signals.
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⚠️ Important notes:
· Recent listing on Binance (August 27) may cause unexpected volatility – be cautious.
· Historical data shows that the price was at 0.24155 a week ago, but it has dropped by ~28.79% since then – confirming selling pressure.
· Long-term performance depends on the fundamentals of the project (Dolomite) – remember that DOLO is a high-risk cryptocurrency.
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🎯 Summary:
· Current momentum: mixed with a bearish bias in the short term.
· Forecast: If the price breaks 0.22064, it may rise to 0.22784. If it breaks 0.20517, it may drop to 0.20081.
· Recommendation: Wait for clarity – do not buy now unless the price reaches strong support (0.20517 or lower). If you hold the currency, consider partial selling near resistance (0.22064).
