DOLO Continues Falling: Multiple Technical Signals Indicate Greater Bearish Pressure

Recent analysis of DOLO’s price reveals a complex outlook combining technical factors and capital flow dynamics. After a volatile recovery a few weeks ago, during which the price doubled, the token has entered a significant downward trend that persists to this day. With a current price of $0.04 USD and a -6.92% retracement in the last 24 hours, DOLO shows multiple indicators suggesting a continuation of the decline.

Technical Pattern: Consistent Bearish Pressure

Over the past week, DOLO has exhibited a recurring pattern without exception. Regardless of the level the price reaches during the daily session, the close is always with a pronounced bearish candle. This behavior is a critical technical indicator confirming the onset of a sustained downtrend. The consistency of these bearish closes suggests that sellers maintain control of the market at each price level.

Funding Signal: Lack of Bullish Support

An additional determining factor is the level of the funding rate, which remains significantly in negative territory. This metric is essential for understanding the sentiment of the futures market. Negative funding indicates that long position traders are paying short position traders, reflecting that most institutional and retail capital is not taking advantage of low prices to accumulate long positions. This absence of institutional buying typically precedes further declines.

Conclusion: Short Position Opportunity

The combination of these technical and fundamental market factors creates a favorable environment for traders looking to profit from the downward movement. As long as the funding remains negative and the pattern of bearish closes persists, it is reasonable to expect DOLO to continue falling in the upcoming periods.