$DOT
/USDT Technical Analysis – November Update
Polkadot (DOT) is showing promising movements with the potential to challenge higher resistance levels. Here’s a breakdown:
Current Price: $8.575 (+0.66%)
Key Levels to Watch:
1️⃣ Immediate Support: $8.30 – Holding above this level can confirm bullish momentum.
2️⃣ Target 1: $9.00 – A psychological level and the 24h high. Breaching this could attract more buying interest.
3️⃣ Target 2: $9.50 – A mid-term resistance, aligning with recent volume clusters.
4️⃣ Target 3: $10.20 – The next key resistance from historical price action.
Indicators:
RSI: Trending upward but nearing overbought territory; a breakout could follow.
EMA 50 & 200: Price is above both EMAs, confirming bullish momentum.
Volume: Strong buying volume indicates increasing market interest.
Strategy:
If DOT stays above $8.30, expect further upside.
A breakout above $9.00 could confirm the next leg toward $9.50 and beyond.
Set stop-loss slightly below $8.20 to manage risk.
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