Dolomite ($DOLO ) has fallen by 12.04% in the last 24 hours, significantly underperforming the overall cryptocurrency market (-0.05%). This continues a weekly decline of 20.8%, although over the last 30 days, $DOLO has shown a growth of 7.6%.
The first significant resistance of the upward trend for $DOLO is at the level of $0.1990. To continue the growth, it is necessary to close above this level. The lower support is at $0.1487. Thus, if the price falls below $0.1487, we may see further price declines. If DOLO closes above $0.1990, it may rise to the next resistance level at $0.2920.
The three-token model DOLO, veDOLO, and oDOLO from Dolomite can be referred to as the “magic formula” in the world of DeFi. DOLO is the circulation king, freely traded on platforms such as Uniswap, Binance Alpha, KuCoin; veDOLO is the governance core that provides voting rights and dividends; oDOLO is the “golden coupon” that incentivizes liquidity providers, with the possibility of receiving up to a 50% discount when exchanging for veDOLO. This design not only allows players to get what they need but also ensures the long-term viability of the ecosystem.
