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📊 Asset analysis of Dolomite (DOLO/USDT), 4H chart
Current price: ~$0.1983The asset has noticeably retraced after a strong pump (growth of +54% at the end of August). A consolidation is currently forming.
Indicators:
MA (7 and 25): the price is trading just above the short-term averages (0.2015 and 0.1854), which indicates local support.
Parabolic SAR: is above the price (0.2187) → signals selling pressure.
Ichimoku: the cloud ahead is in the red zone, resistance is about $0.21–0.22.
Bollinger Bands: the range has narrowed (0.1566 – 0.2126), indicating a phase of low volatility → a sharp move up or down is possible.
Key levels:
Support: $0.19 / $0.1846 / $0.16
Resistance: $0.2120 / $0.2666 / $0.3728
Technical picture: After the correction, the asset is trying to hold above $0.19. Locally, there is an attempt to break through the resistance at $0.21, but without volume, this could turn out to be a false signal. If the price holds above $0.20–0.21, a rise to $0.27 is possible. Otherwise, a return to $0.18 or even $0.16.
🌐 Fundamental:
Dolomite is a unique DeFi platform for lending and borrowing, supporting over 1000 assets. This provides strong potential for integrations and attracting liquidity, as it has virtually no analogs in terms of coverage. The project can achieve widespread adoption among DeFi users while maintaining "DeFi-native" principles ( without custodial restrictions ).
📌 Withdrawal:
Short-term: the zone $0.19–0.21 is crucial.
Medium term: if it consolidates above $0.21 — potential to $0.27 and $0.37.
Risks: low liquidity and high volatility.