DOLO Market Update โ September 3rd ๐
@Dolomite faced a -5.66% dip in 24h, underperforming the broader crypto market (+1.86%). After a 123% 30-day rally, traders are now taking profits and signals look mixed.
๐ Why the Drop?
1๏ธโฃ Profit-Taking After Trump Rally ๐บ๐ธ โ DOLOโs surge was fueled by Trump-themed hype, but volume (+28% to $168M) shows traders cashing out.
2๏ธโฃ Bearish Technicals ๐ โ Price broke below 7D SMA ($0.245) & 30D EMA ($0.218). MACD negative, RSI ~48 = neutral zone. Support at $0.192 is holdingโฆ for now.
3๏ธโฃ Security Concerns ๐ โ $165K lost in an address-poisoning attack (not protocol related) but still weighing on sentiment.
โก Key Levels to Watch:
Resistance: $0.212 ๐
Support: $0.192 ๐ (if lost โ next stop $0.144)
๐ฎ Outlook: Despite short-term weakness, DOLO is still up +489% in 90 days ๐. This correction might just be a cool-off before the next big move.
