Will $DOLO Bounce Back After This Massive Crash 👇

@Dolomite\_io ’s native token, DOLO, has taken a heavy hit in recent trading sessions. After rallying to a local high of $0.3719, the token has since crashed to around $0.2062, marking a steep drop of nearly -45% from its peak.

This sharp decline was fueled by heavy selling pressure, as shown by the red candles and rising volume on the 4H chart. Momentum indicators are deep in oversold territory—RSI is at 20, a level that historically signals exhaustion among sellers.

Support Zone: The token is now hovering just above a key support around $0.1870–$0.2020. Holding this range is crucial—if broken, DOLO could slide further to the $0.17 region.

Resistance Levels: For a bounce back, DOLO must first reclaim $0.2590, followed by stronger resistance near $0.2990. A clean breakout above these levels could open the path toward a recovery rally.

Market Sentiment: The steep crash has shaken short-term traders, but long-term believers in Dolomite’s lending and borrowing platform may view this dip as a potential accumulation zone.

📉 Crash Recap: From $0.3719 → $0.2062 in less than a week.
📈 Bounce Back Potential: Oversold signals suggest a relief rally could follow, but DOLO must hold above support to confirm a turnaround.

#Dolomite