DOLO -1291.35% 24H Decline Following Significant Market Correction

On September 23, 2025,

experienced a sharp decline of 1291.35% in just 24 hours, falling to $4.652. Over the past week, DOLO plummeted by 2938.58%, dropped 6553.34% in the last month, and saw a 4876.7% decrease over the past year.

This steep downturn has prompted market analysts to speculate about the reasons behind such a significant drop. Although DOLO’s team has not released an official statement, the rapid and intense price decline points to a mix of both internal and external influences. Recent blockchain data reveals a notable reduction in active wallets and liquidity, which may signal waning confidence from major investors or institutions. Experts warn that unless a stabilizing factor appears, the asset could continue to face downward momentum in the short term.

From a technical analysis perspective, DOLO’s value has slipped beneath crucial support zones, setting off a bearish trend that often accompanies heavy selling pressure. The asset currently seems to be in a downward spiral, with short-term metrics like RSI and MACD indicating oversold territory. Despite this, there has been little evidence of renewed buying, implying that a short-term rebound is not yet on the horizon.

Backtest Hypothesis

A suggested backtesting approach aims to assess the potential for reentering the market after such a sharp correction. This method proposes opening a long position when the 20-period RSI drops below 20, and closing it once the 10-period RSI rises above 40. The stop-loss is set at the latest swing low, while the take-profit target is a fixed 20% gain. The premise is that DOLO might revisit oversold conditions, presenting a possible opportunity for long-term investors to benefit from a recovery.