DOLO experiences a 121.98% decrease within 24 hours as market fluctuations persist
- DOLO's price plummeted 121.98% in 24 hours, with 1627.82% drop in 7 days, attributed to macroeconomic sentiment and asset-specific vulnerabilities. - Technical indicators show a severe downtrend, with RSI and MACD in bearish territory, and minimal market buying interest despite sharp declines. - A backtesting strategy using RSI, MACD, and moving averages aims to profit from short-term bearish momentum through short-selling. - Analysts warn of further downside risks unless strategic shifts or catalysts re
On September 27, 2025,
The sharp decline in DOLO’s value is the result of both broader economic pressures and specific weaknesses related to the asset itself. The token has faced challenges in retaining users and sustaining development activity, as shown by falling on-chain data. The latest wave of selling intensified an ongoing downward trend that started earlier this year, with no notable positive news to offset the negative momentum.
From a technical analysis perspective, DOLO’s chart indicates a strong downward trend with no immediate signs of recovery. Major support levels have been broken, and both the RSI and MACD indicators continue to signal bearish conditions. Unless a significant event or intervention occurs, this downward movement is likely to persist.
The market has responded to DOLO’s steep fall with little enthusiasm, as buying interest remains subdued despite the significant price drop. Experts anticipate further declines in the near term unless a major announcement or strategic change revives interest among investors and the community.
Backtest Hypothesis
A backtesting approach was suggested to evaluate the effectiveness of short-selling during periods of heightened volatility in DOLO’s price. This method uses technical tools like RSI, MACD, and moving averages to pinpoint optimal entry and exit moments. The premise is that initiating short trades during overbought scenarios, confirmed by momentum indicator divergence, could be profitable given the asset’s current trajectory.
The strategy involves opening short positions when the RSI surpasses 70, the MACD indicates bearish divergence, and the price drops below a crucial moving average. Exits are signaled when the RSI dips under 30 or when the price approaches a key support level without breaching it. This method seeks to take advantage of clear downward trends without depending on fundamental news.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Naver's Cryptocurrency Merger Approaches Completion Despite Regulatory Hurdles and Valuation Issues
- Naver Financial acquires Dunamu via equity swap, making Upbit a wholly owned subsidiary to expand digital finance and crypto markets. - Dunamu's chairman becomes largest shareholder (28%), while Naver's stake dilutes to 17%, raising valuation and governance concerns. - Regulatory scrutiny focuses on antitrust risks as Upbit holds 50.6% market share, amid intensified competition from Bithumb and U.S. crypto firms. - Naver plans a won-backed stablecoin integrated into Naver Pay and explores Saudi partnersh
Modular Data Centers Address the Challenge of Balancing AI Performance and Environmental Responsibility
- Siemens and Delta partner to launch modular data center solutions, aiming to cut deployment time by 50%, costs by 20%, and emissions by 27%. - Standardized SKIDs and eHouses integrate power, UPS , batteries, and thermal management for rapid on-site installation. - BIM and digital twins optimize design and monitoring, targeting AI-driven EMEA/APAC markets with scalable, sustainable infrastructure. - Modular designs reduce concrete waste and enable compact power enclosures, aligning with global decarboniza
Ethereum Updates: Unknown Wallet Drains $15M in ETH While London Launches Crypto ETPs
- A mystery Ethereum wallet withdrew $15.5M worth ETH from Binance, coinciding with London's new crypto ETP listings. - 21Shares launched Ethereum/Bitcoin ETPs on LSE, offering institutional exposure to staking rewards and crypto holdings. - The withdrawal timing suggests potential capital deployment into newly approved ETPs requiring custodied crypto assets. - UK regulators approved these products, signaling growing institutional adoption of crypto-backed securities with traditional infrastructure.
Bitcoin News Update: Bitcoin Remains Steady While Altcoins Plunge Amid Market Sell-Off
- Bitcoin stabilizes near $93,555 amid market turmoil while altcoins hit multi-month lows due to $801M in 24-hour liquidations. - A 13-year dormant Satoshi-era wallet triggering 2% price drop and fear index hitting 14/100 heightens bearish concerns. - Cboe's perpetual-style crypto futures and global stimulus packages may reshape liquidity as Bitcoin tests $100,000 threshold. - Galaxy Digital notes algorithmic deleveraging rather than systemic weakness, with $3B in DeFi borrows signaling structural shifts.
Trending news
MoreCrypto prices
More
