📊 DOT/USDT Analysis
🔹 The price remains in a short-term downtrend, currently testing the dynamic resistance of the descending trendline.
🔹 The EMA50 ($7.26) is acting as strong resistance, and breaking above it could trigger a bullish wave.
🔹 Key support lies in the $6.11 - $6.90 range, and losing this zone might lead to further downside risk.
🔹 If resistance levels are broken, the next target could be the $10.42 range. 🚀
📈 RSI Indicator suggests reduced selling pressure and a potential trend reversal.
💡 What do you think of this analysis? Is DOT ready for a breakout? 🤔
🔹 The price remains in a short-term downtrend, currently testing the dynamic resistance of the descending trendline.
🔹 The EMA50 ($7.26) is acting as strong resistance, and breaking above it could trigger a bullish wave.
🔹 Key support lies in the $6.11 - $6.90 range, and losing this zone might lead to further downside risk.
🔹 If resistance levels are broken, the next target could be the $10.42 range. 🚀
📈 RSI Indicator suggests reduced selling pressure and a potential trend reversal.
💡 What do you think of this analysis? Is DOT ready for a breakout? 🤔
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.