š $DOLO/USDT ā Early Reversal Signal Detected
@Dolomite shows a strong rebound from the bottom 0.0299 and is currently moving in the area of 0.0398 (+13% daily). This increase is confirmed by a spike in volume, indicating that buyers are starting to take over after a prolonged pressure phase.
š Price structure is starting to improve
A higher low has formed in the short timeframe and the price has successfully reclaimed the area 0.038 as support. This becomes an early signal of a short-term trend reversal.
š§± Important Technical Areas
Support: 0.038 ā 0.037
Key resistance: 0.042 (decisive zone)
Continuation target: 0.047 ā 0.053 ā 0.058
š„ Bullish Scenario If $DOLO can break & close strongly above 0.042, the potential FOMO move opens towards the next resistance at 0.047 and 0.053.
ā ļø Risk Note The larger trend is still in a recovery phase, so risk management remains essential. As long as the price stays above 0.038, the short-term bias remains bullish.
š Conclusion DOLO is currently in the early recovery phase, interesting for scalp & short-term swing traders looking for momentum..
#DOLO #Binance #Altcoin #DeFi #CryptoTrading š
