š $DOT /USDT Technical Analysis Update
Current Price: $7.05 (+2.47%)
š Analysis:
$DOT has shown a volatile trend, facing resistance near $7.80 (recent high) and finding support at $6.85 (24h low). The price is consolidating after a sharp pullback.
šÆ Targets:
1. Immediate Target: $7.50 - Breakout confirmation above current resistance.
2. Secondary Target: $8.00 - Sustained momentum with increased volume.
3. Long-term Target: $8.50 - Mid-term bullish outlook, pending strong market support.
š Support Levels:
$6.85 (Critical short-term support)
š” Trading Strategy:
Consider booking partial profits near $7.50.
Adjust stop-loss to $6.90 to protect downside risk.
Watch for breakout confirmation with volume above $7.80 for higher targets.
š Opportunity: Both short-term scalping and long-term accumulation zones identified.
