DOLO this wave of market movement is indeed fierce—surging 83% in a single day, looking unstoppable. But if you watch the market closely, the problems have already started to emerge.

From the hourly chart, the price has been consolidating sideways at high levels for several hours, unable to break through, which usually indicates that the bulls are losing momentum. More importantly, in the past few hours, the price has started to decline, and the daily chart has also shifted to a downward structure. This combination of technical signals clearly indicates a momentum exhaustion.

After a rapid surge and prolonged consolidation at high levels without breaking through, this often reveals one thing in the order book—major players might be rotating positions at high levels, or even withdrawing. Now, with the price slipping and the daily trend turning bearish, all technical conditions for a pullback are in place.

Next, focus on a few key details:

First is the sustainability of this surge—can the bulls continue to exert strength, or has the momentum completely faded? Second, will the downward trend on the hourly chart be further confirmed, and is selling pressure gradually increasing? Lastly, if the price breaks below the current consolidation platform, how much room for decline is left?

From a trading perspective, it’s advisable to closely monitor whether there will be sustained volume-driven downward movement. Once the bears fully take control, a noticeable correction could occur. But regardless of the approach, remember to build positions gradually, set stop-loss levels properly, and be prepared for sudden rebounds that could catch you off guard.