Where does $DOT go from here?

$DOT sees strong support at $4, which has been tested twice this week. Buyers have been able to push the price up to defend the support level. While $4 is a strong support level, if it breaks, $DOT could fall to multi-year support at $3.62.

However, $DOT is consolidating above $4, and if buyers can sustain the upside momentum, the price could push $DOT above the 20-day SMA and $4.50.

Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial, or other advice.