$DOLO #Dolomite @Dolomite
Price is below key short-term moving averages (e.g. 7-day SMA, 30-day SMA). That tends to indicate the momentum is negative in the near term.
CoinMarketCap
+1
Some indicators like MACD show bearish momentum accelerating.
CoinMarketCap
The trend in the past week is clearly downward.
CoinGecko
+1
Some possible supports / upside triggers:
There might be oversold conditions in certain indicators, which means a short rebound is possible.
CoinMarketCap
+1
The Coinbase listing and exchange exposure could help bring liquidity and maybe stabilize or give a bounce.
What I expect:
More downside possible toward $0.12-$0.14 if recent resistance zones keep rejecting price.
If DOLO manages to break above ~$0.17-$0.18 with conviction and volume, it could attempt a rebound toward ~$0.20.$DOLO