DOLO +75.84% in 24 Hours Amid Short-Term Price Surge

On SEP 11 2025, DOLO rose by 75.84% within 24 hours to reach $7.322, while experiencing a significant drop of 1146.25% over the past seven days, and declines of 4564.05% over the past month and 1919.72% over the past year.

The sharp upward movement in DOLO’s price within a single day marked a dramatic reversal in its recent bearish trajectory. While the 7-day and longer-term performance remains heavily negative, the overnight rally has sparked renewed short-term investor attention. No official statements from the issuing entity have been released to explain the sudden surge, leaving market observers to speculate that the move may be driven by speculative trading, short-covering, or shifts in liquidity dynamics.

Technical indicators have shown mixed signals in the wake of the 24-hour rally. The RSI (Relative Strength Index) surged into overbought territory, while the MACD (Moving Average Convergence Divergence) line crossed above the signal line, suggesting a potential continuation of the upward momentum. However, given the steep prior decline and the lack of fundamental catalysts, analysts caution that the rally could be short-lived without a broader market turnaround or tangible news development.

Backtest Hypothesis

A proposed backtesting strategy involves identifying assets exhibiting similar technical conditions prior to a sharp price reversal. The methodology focuses on detecting overbought RSI readings paired with a bullish MACD crossover. Historical data would be used to test the effectiveness of entering a long position after these signals and exiting upon the RSI entering oversold territory or when the MACD begins to diverge. The aim of the strategy is to capture short-term momentum swings without relying on fundamental news, leveraging the inherent volatility of the asset. This approach would be evaluated using performance metrics such as win rate, average gain per trade, and maximum drawdown to assess its robustness and viability in repeated market cycles.