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DOLO/USDT Market Analysis: Where's the Momentum?
Dolomite (DOLO) is caught in a bearish squeeze right now. Price action sits uncomfortably below both the short-term and long-term moving averages, and if you're watching the RSI, it's telling a pretty clear story—no real upward pressure at the moment.
Yeah, there's been some bouncing around lately. A few recovery attempts have popped up on the charts, but they're not sticking. That's the problem. In this kind of environment, every relief rally gets sold into. The technical setup just isn't inviting buyers to step in with conviction.
Until we see price break back above those key moving averages and get some heat back into the momentum indicators, the path of least resistance stays lower. For traders watching DOLO, patience might be the play here—waiting to see if this setup finally cracks bullish or if weakness deepens further.