Dolomite ($DOLO ) Analysis
Current Performance:
Dolomite is currently the top "High-Momentum Gainer" on Binance, up +60% today.
Entry Point Considerations:
The Pullback Entry: Since the coin has spiked 60% in a single day, the RSI (Relative Strength Index) is likely in "overbought" territory. A safer entry would be to wait for a retracement to the 0.5 or 0.618 Fibonacci level on the 1-hour chart.
Support Level: Look for support at the previous daily high before this breakout. If the price stabilizes there for several hours, it may indicate a "base" for the next leg up.
The Catalyst: Because this move is tied to World Liberty Financial, watch for any official tweets or news updates from the Trump-linked project; positive news could sustain the momentum, while a "sell the news" event could cause a sharp drop.
Risk Warning: $DOLO is currently highly volatile. High gains often lead to high-speed liquidations for late buyers.
