Recently, DOLO experienced a short-term drop in risk appetite due to rumors of insider selling pressure, testing the key support zone at 0.030–0.031 USDT. Increased trading volume and long lower wicks indicate clear bullish defense. As panic selling was released, volume contracted and price returned above 0.0355 USDT, keeping the rebound structure intact. Support at 0.032–0.033 USDT appears effective, and the medium-term outlook remains bullish. Attention should be paid to the 0.036–0.037 USDT resistance zone; a breakout could trigger a new upward leg.

On April 9, rumors about insiders manipulating the lending pool sparked worries of potential large-scale selling, briefly lowering investors' risk appetite. Profit-taking by bulls intensified over the following two days, and the price quickly fell from 0.03504 USDT to 0.03063 USDT on April 12—over a 12% drop. This decline hit the key support area seen since mid-March (0.030–0.031 USDT), validating buying demand at this price level.

Reviewing candlestick charts, trading volume surged to about 2.22 million on April 11 as price broke below the short-term 0.033 USDT support. The next day, volume further expanded to around 2.77 million, accompanied by a long lower wick, indicating aggressive bull positions near 0.030 USDT. Over the subsequent three days, prices recovered with volatility, closing at 0.03554 USDT on April 17. This suggests secondary buying after panic selling, while overall contracting volume hints at weakening selling pressure.

After sentiment shocks, bulls quickly used the technical pullback to launch a counterattack, pushing the price from 0.03063 USDT back to around 0.0355 USDT, retracing above the midline of the short-term upward channel. If the 0.032–0.033 USDT support area holds, the current rebound has the potential to continue and gradually challenge the early April highs at 0.036–0.037 USDT. Fundamentally, the medium-term outlook remains unaltered by a single rumor, and overall value still supports bullish positioning.

Dolomite

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DOLO price today is 0.03, with a live price change of -5.18 in the last 24 hours. Convert, buy, sell and trade DOLO on Bybit-ge.

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