DOT/USDT Analysis
๐น The price remains in a short-term downtrend, currently testing the dynamic resistance of the descending trendline.
๐น The EMA50 ($7.26) is acting as strong resistance, and breaking above it could trigger a bullish wave.
๐น Key support lies in the $6.11 - $6.90 range, and losing this zone might lead to further downside risk.
๐น If resistance levels are broken, the next target could be the $10.42 range. ๐
๐ RSI Indicator suggests reduced selling pressure and a potential trend reversal.
๐ก What do you think of this analysis? Is DOT ready for a breakout? ๐ค
DOTDOTBTCdotlongDOTUSDDOTUSDTdotusdtlongDOTUSDTPERPPivot PointspolkadotpolkadotusdSupply and DemandSupport and Resistance
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