$DOT After a continuous decline, it has returned strongly in the past week, surging 6.36% on the weekly chart and up 12.82% since hitting a low of $3.9. The SMA flipped on the daily chart, indicating strong upward momentum. At the time of writing, DOT is trading at $4.37, up 3.63% in the past day. Previously, DOT fell 2.12% on the monthly chart, but now the market demand has increased, and its trading volume has surged 12.30% to $133.93 million, and the market value has increased by 3.78%. Crypto analyst Ali Martinez believes that DOT may follow Fantom's historical pattern. If the pattern holds, DOT may soar to $9.7, retrace to $6.7 and then rebound to a yearly high of $20. DOT currently has favorable market sentiment, investors are bullish, open interest is increasing, funding rate is positive, and long liquidations are declining. DOT faces multiple rejections at $5.0, a break above this level could see it hit $6.5 in the short term, and a very bullish scenario would see it reclaim the June high of $7.3.
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