$DOLO Short Liquidation Surge — $9.75K at $0.0897!
The bears just took a hit! A massive short liquidation of $9,751.6 at $0.0897 has reignited momentum in the DOLO market. This liquidation wave signals aggressive short-covering and renewed buying interest from traders anticipating a breakout.
Market Snapshot:
Current Price Zone: $0.089 – $0.091
Immediate Resistance: $0.0945
Major Support: $0.0852
The surge in short liquidations suggests that sellers were overextended, allowing bulls to regain temporary control. A clean break above $0.0945 could shift momentum firmly upward, setting sights on $0.098–$0.10.
Market Insight:
Momentum remains in favor of buyers as short positions get squeezed out.
Watch for a potential pullback toward $0.0875–$0.0885 for healthy re-entry opportunities.
Trading Strategy:
Buy Zone: $0.0875 – $0.0888 (accumulate near support)
Sell Zone: $0.0945 – $0.0985 (partial profit near resistance)
Next Move: If bulls defend the $0.089 base, expect a rally toward $0.10; otherwise, consolidation near $0.085 may follow.
Summary:
DOLO’s sharp short liquidation hints at a possible trend reversal. The market may continue to squeeze shorts as liquidity builds above $0.09 — a key area to watch for breakout confirmation.
