$DOT
/USDT Technical Analysis & Trade Signal:
Current Price: $7.28
24h Change: -2.76%
Trend: Bearish short-term with potential for upward reversal.
Key Support & Resistance:
Support Level 1: $7.23 (Key intraday support)
Support Level 2: $7.00 (Psychological support)
Resistance Level 1: $7.68 (Strong resistance, near recent high)
Resistance Level 2: $7.80 - $7.90 (Possible breakout zone)
Trade Signal:
Buy Signal: If price holds above $7.30 with increasing volume (momentum could pick up here).
Sell Signal: If price breaks below $7.20, indicating continued bearish momentum.
Target Levels:
Target 1: $7.50 (Short-term target if momentum shifts)
Target 2: $7.68 (Resistance breakout potential)
Target 3: $8.00 (Medium-term upward move if bullish momentum is confirmed)
Momentum:
Currently neutral with mild downward pressure. Watch for upward break above $7.50 for a stronger bullish momentum.
Volume should be monitored: a rise above 5.7M DOT can confirm the next move.