DOLO/USDT recent trend shows a typical multi-timeframe divergence phenomenon.
From a technical indicator perspective, the situation is a bit delicate. The 15-minute RSI has flattened to 59.7, indicating that short-term momentum is clearly waning. But the problem is—on the 1-hour chart, the RSI is as high as 82.5, and although the MACD histogram remains positive, it is already at an extreme high level; the 4-hour cycle is even more exaggerated, with RSI reaching 86.5, which is definitely in the overbought zone. The pressure for a correction on larger timeframes should not be underestimated.
Looking at the volume, after the previous surge, it has now shrunk to 93.5%, with obvious exhaustion in chasing higher.
**Key price levels are as follows:** Current support: 0.0700 (psychological level) Upper resistance: 0.0720 → 0.0750 Lower support: 0.0680 → 0.0650
**Possible trading ideas:** If the price breaks above 0.0720, consider a small long position targeting 0.0750, with a stop loss at 0.0700; conversely, if it falls below 0.0680, try shorting with a target of 0.0650 and a stop loss at 0.0705; otherwise, expect consolidation between 0.0680 and 0.0720.
Personally, I prefer to wait and see. The combination of extreme overbought signals and severe volume contraction indeed presents higher risk than opportunity. It’s better to wait for a confirmed break below 0.0680 or a substantial pullback before considering entering the market—there's no need to rush this trade.
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GameFiCritic
· 12h ago
93.5% of the shrinking volume paired with an 86.5 RSI—this combination is really amazing—funds are retreating, but the price is still holding on, a typical prelude to a false breakout. I also think it's right to stay on the sidelines; there's no need to rush in and catch the falling knife.
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FalseProfitProphet
· 12h ago
93.5% of the shrinking volume paired with an 86.5 RSI, this combination is indeed amazing. Is the air bubble about to land?
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failed_dev_successful_ape
· 12h ago
93.5% reduction, this number is a bit scary... feels like we should wait a bit.
DOLO/USDT recent trend shows a typical multi-timeframe divergence phenomenon.
From a technical indicator perspective, the situation is a bit delicate. The 15-minute RSI has flattened to 59.7, indicating that short-term momentum is clearly waning. But the problem is—on the 1-hour chart, the RSI is as high as 82.5, and although the MACD histogram remains positive, it is already at an extreme high level; the 4-hour cycle is even more exaggerated, with RSI reaching 86.5, which is definitely in the overbought zone. The pressure for a correction on larger timeframes should not be underestimated.
Looking at the volume, after the previous surge, it has now shrunk to 93.5%, with obvious exhaustion in chasing higher.
**Key price levels are as follows:**
Current support: 0.0700 (psychological level)
Upper resistance: 0.0720 → 0.0750
Lower support: 0.0680 → 0.0650
**Possible trading ideas:** If the price breaks above 0.0720, consider a small long position targeting 0.0750, with a stop loss at 0.0700; conversely, if it falls below 0.0680, try shorting with a target of 0.0650 and a stop loss at 0.0705; otherwise, expect consolidation between 0.0680 and 0.0720.
Personally, I prefer to wait and see. The combination of extreme overbought signals and severe volume contraction indeed presents higher risk than opportunity. It’s better to wait for a confirmed break below 0.0680 or a substantial pullback before considering entering the market—there's no need to rush this trade.