#美联储官员集体表态# The $DOLO project is indeed worth studying from multiple perspectives. Technical analysis shows that the current RSI has entered a clearly oversold area, with the 6-period RSI at only 14.29, which is typically seen as a potential bottom signal. However, it should be noted that the current moving average structure still exhibits a clear bearish arrangement, with the 7-period EMA located below the 25-period and 99-period moving averages, making it difficult to reverse this technical pattern in the short term.



From the perspective of project fundamentals, institutional-grade DeFi as a directional choice is promising. The USD1 stablecoin of $DOLO is supported by U.S. Treasuries as the underlying asset, which indeed has significant advantages in terms of compliance. Its innovative dynamic collateral model allows assets to maintain a certain level of liquidity while being collateralized, showcasing practical application value. Additionally, the technical roadmap supporting over 1,000 assets and extending to Bitcoin's second layer is also quite comprehensive.

However, there are significant challenges at the execution level. The current requirements of the cryptocurrency market for DeFi projects have far exceeded the conceptual stage, necessitating substantial implementation and application results. From the market performance, the 4.71% price drop and only $410,000 in trading volume indicate that capital may be withdrawing. The MACD indicator shows that bearish momentum is still strengthening, with no signs of weakening.

For interested investors, it is recommended to adopt a staggered position-building strategy rather than making a large one-time investment. Although a technically oversold condition can allow for small position entry, a more prudent approach is to wait for improvements in moving average structures and accompanying trading volume before considering an increase in positions. Currently, in the price range of 0.103, if it can effectively break through and stabilize above the 0.11 mark, the technical pattern will show significant improvement.

In summary, $DOLO has certain potential as a project itself, but the current market timing is not ideal. The risks of entering the market at this stage may outweigh the potential gains, so it is advisable to remain cautious and wait for clearer market signals.

@Dolomite_io
DOLO1.75%
USD10.05%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
MemeCuratorvip
· 17h ago
Bearish, everything is falling.
View OriginalReply0
WhaleStalkervip
· 17h ago
Not daring to get on board, observing.
View OriginalReply0
GamefiEscapeArtistvip
· 18h ago
Entering the market too early is equivalent to giving it away for free.
View OriginalReply0
NFTRegrettervip
· 18h ago
What are you waiting for? Just go for it, if it drops to zero, so be it.
View OriginalReply0
NeonCollectorvip
· 18h ago
Who dares to join me in this dolo?
View OriginalReply0
BoredWatchervip
· 18h ago
Let's wait and see for now.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)