Expert opinion: bearish #DOT

The price has recently fallen below the middle band, indicating short-term weakness. The lower Bollinger Band acts as potential support near $4.60.

A break below the middle Bollinger Band indicates a change in momentum and could signal the start of a downtrend in this time frame. Volume was relatively low during the recent pullback, which could indicate that there is no strong selling pressure on the decline. However, if volume rises on further declines, it could suggest stronger downside potential, with the next potential support level around $4.40 (based on previous price action).

Resistance: The price encounters resistance near the upper Bollinger Band (around $4.85-4.90). #内容挖矿 Follow me! Get more expert opinions!