$DOT



Price and Trend Overview

  • Current Price: $8.468

  • Trend: Bearish short-term. DOT/USDT has experienced a sharp decline from recent highs of $11.000, breaking below key support levels. The price remains above the 200-period SMA at $7.338, maintaining medium-term bullish structure.

Indicators

  • RSI (Relative Strength Index):
    The RSI is at 25.33, deep in oversold territory, suggesting potential for a technical bounce if buying pressure returns.

  • MACD (Moving Average Convergence Divergence):
    The MACD shows bearish momentum with increasing negative pressure, with values at -0.226, -0.351, and -0.125, confirming the current downward pressure.

  • Volume:
    Trading volume is elevated at 2.302M, indicating significant selling pressure during the recent decline.

Key Levels

  • Support Zones:

    • $7.338: Critical support at 200 SMA.

    • $8.000: Psychological support level.

  • Resistance Zones:

    • $9.000: Immediate resistance from broken support.

    • $11.000: Major resistance at recent highs.

Scenarios

  • Bullish Scenario:
    If DOT/USDT holds above $8.000 and reclaims $9.000, it could signal a recovery attempt toward previous highs.

  • Bearish Scenario:
    A break below $8.000 could accelerate selling toward the 200 SMA at $7.338.