🚨$DOT DOT/USDT: Sharp Correction After Peaking at $10.50 – Is the Rally Over? 🚨
$DOT is currently trading at $8.603, down 7.28%, following a surge to $10.50, its 24-hour high. Let’s break down the critical levels and potential scenarios ahead:
---
💡 Key Levels to Watch
Resistance: $9.50 – Clearing this level could reignite momentum, targeting $10.50 or higher.
Support: $8.00 – Holding this support is crucial to prevent a deeper pullback toward $7.50.
---
📈 Bullish Scenario
A bounce from the $8.00 support zone could see $DOT testing $9.50, with a breakout paving the way for a retest of $10.50.
📉 Bearish Risk
Failure to hold $8.00 might lead to a sharp decline, potentially targeting $7.50, where buyers could look for re-entry opportunities.
---
⚠️ Pro Tip:
Volume is a key indicator—watch for rising activity at support or resistance levels to gauge the next move. Stay disciplined with stop-loss orders.
💬 Your Move:
Are you buying the dip or waiting for more signs of strength? Share your strategy below!
