$DOT Analyzing this chart, the price of DOT/USDT seems to have had a significant pullback from the recent high of $10.5 and is now in the $8.37 area. The current situation shows dominant selling pressure, but there is a chance for a rebound under certain conditions.

What does the graph indicate?

1. Downtrend:

• The candles and moving averages (MA7 and MA25) show a clear downtrend, suggesting that the price is under pressure.

• The price is below the MA99 moving average ($8.69), which confirms short-term weakness.

2. Support level:

• $8.00–$8.10 is an important support area. If this level holds, a consolidation or slight pullback is possible.

• If the support is broken, the price could fall towards $7.70.

3. Volume:

• Trading volume is decreasing, indicating a lack of buying interest at this time.

4. Technical indicators:

• RSI: If it is close to oversold (below 30), it could signal a possible pullback.

• MACD: Should be checked to see if there is a bullish convergence that would suggest a trend change.

Can DOT go back to $10?

• For the DOT to return to $10, it would take:

• A significant increase in purchase volume.

• Breaking the intermediate resistances at $8.70 and $9.00.

• Overall bullish sentiment in the crypto market.

Absent a major catalyst (positive news or market momentum), DOT is unlikely to return to $10 quickly.

Conclusion:

• If the price remains above $8.00, there is a chance for a consolidation and a possible pullback.

• If the price falls below $8.00, a decline towards $7.70 could follow.

• A break above $8.70 would signal a possible move towards $9.50–$10.

Monitor indicators like RSI, MACD and volume for signals.