Can $DOLO Token Bounce Back?

@Dolomite\_io is a decentralized lending and borrowing platform that lets users maximize yield by putting their assets to work. Its native token, DOLO, plays a key role in powering governance, incentives, and liquidity within the ecosystem.

Currently, DOLO/USDT is trading at $0.2609, down nearly -19% in the past 24 hours. After reaching a recent peak of $0.3719, the token retraced sharply, testing support near $0.2522.

Support Levels: The immediate support lies at $0.2520, which has already shown signs of holding buyers. If this level continues to act as a floor, it could fuel a recovery.

Resistance Levels: On the upside, DOLO faces resistance at $0.2990 and then $0.3450. A breakout above these zones would signal renewed bullish momentum.

Indicators: The RSI (28) is in oversold territory, hinting at a potential relief bounce. However, moving averages suggest short-term bearish pressure remains until price reclaims $0.30+.

If DOLO holds the $0.2520 support, a bounce toward $0.2990–$0.3450 looks possible. But a breakdown below this floor could send the token back to the $0.2180–$0.2200 range before any recovery attempt.

#Dolomite