DOTUSDT Testing Critical Levels for a Potential Upside
$DOT

DOT/USDT is currently showing signs of consolidation below the 200-period Moving Average (MA) at $4.33. The price is struggling to break above this key level, which indicates ongoing bearish pressure in the medium term. The 4-hour chart highlights resistance in this range, limiting upward momentum.

The RSI is around 55.70, suggesting some moderate bullish strength but not enough to push through the resistance without stronger buying interest. The MACD histogram has shown a slight positive momentum shift, but with insufficient strength, keeping the price under the influence of the MA200 as a ceiling.

On the cluster chart, it can be seen that the price is moving within a tight zone. Breaking above $4.33 with solid volume could confirm a reversal and drive DOT towards higher levels around $4.50 and potentially beyond. Conversely, a rejection at this resistance could see the price retesting support near the $4.00 zone, which has acted as a key pivot level historically.

Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making trading decisions.

Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making trading decisions.

#6thTrade #WeAreAllSatoshi #HBODocumentarySatoshiRevealed #U.S.UnemploymentNewLow