📊 Technical Breakdown
Current Price: ~$0.074
The Trend:
$DOLO is in a clear Bullish Momentum phase. After a successful breakout from its accumulation zone, it is now forming a series of "Higher Highs" and "Higher Lows."
Candle Signal: We are seeing strong buyer interest, but the most recent daily candles show long "Upper Wicks," suggesting some profit-taking is happening near the $0.080 resistance.
RSI Check: Currently around 68-70.
Education Note: An RSI near 70 means the coin is reaching "Overbought" territory. A short-term "Cool Down" (sideways movement) would be healthy before the next leg up.
📈 My Chart Suggestions:
Draw the Trend Line: Connect the "Lows" from January 1st to today. As long as the price stays above this diagonal support, the bull run is alive! 📈
Key Support Level: Watch the $0.062 area. If we get a pullback, this "Previous Resistance" should now act as "New Support." This is a high-probability entry zone.
The Target: If DOLO closes a daily candle above $0.085, the next major psychological target is $0.10 - $0.12.
💡 Beginner Insight: "The WLFI Catalyst"
Fundamental news (like the Trump-backed WLFI platform using Dolomite’s infrastructure) acts as "Fuel" for the technical chart. When a project's technology is adopted by major institutional players, the "Charts" often follow the "News" very quickly!
Are you riding the DOLO wave, or waiting for a dip to $0.065? Let me know your trade plan! 👇
#DOLO #Dolomite #DeFi2026 #BinanceTrading #CryptoAnalysis