$DOT /USDT Technical Analysis: Bulls Testing Resistance 🚀
💹 Current Price: 8.718 USDT (-0.17%)
🔺 24H High: 8.770 USDT | 🔻 24H Low: 8.347 USDT
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📊 Technical Overview
$DOT is showing signs of recovery with strong upward momentum, testing critical resistance levels. Here’s what traders need to watch:
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⚡ Key Targets for DOT/USDT
1️⃣ Target 1 (Immediate Resistance): 8.750 USDT
A move above 8.750 USDT would confirm short-term bullish momentum, indicating strength toward higher levels.
2️⃣ Target 2 (Mid-Level Resistance): 8.800 USDT
Sustained buying pressure could push DOT toward 8.800 USDT, aligning with today’s 24H high and marking a critical resistance zone.
3️⃣ Target 3 (Bullish Extension): 9.000 USDT
If DOT breaks above 8.800 USDT with volume, the next major psychological level at 9.000 USDT becomes the extended bullish target.
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📉 Downside Risk Management
🔻 Key Support Level: 8.600 USDT
A drop below 8.600 USDT could trigger a retest of lower support near 8.500 USDT, where buyers must step in to maintain bullish structure.
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🔥 Market Outlook
DOT remains in a bullish trend with resistance being tested. Traders should:
✅ Watch for a breakout above 8.750 USDT for bullish confirmation.
✅ Monitor volume closely to validate breakout strength.
✅ Place stop-losses below 8.600 USDT to manage risk effectively.
Stay sharp and prepared—DOT’s next move could offer profitable opportunities! 🚀