DOT/USDT is showing an 8-hour Falling Wedge, hence it could breakout. The RSI is at 34.08, hence the cryptocurrency is overbought, and the stochastic oscillator is near 14.09, hence it could have a bullish reversal. Bollinger Bands squeezed, meaning it would come up with volatility very soon. Support level: $6.43 Target: $7.45 Resistance: $8.18 Let's wait and see what happens.
Polkadot (DOT) and TOTAL3 Analysis: Expected Rally
TOTAL3 is making a textbook bull flag, further validated by the RSI at 57.18 and recoveries of stochastic, signaling bullish momentum in crypto, excluding BTC/ETH. DOT/USDT makes a setup for a descending triangle breakout. RSI at 53.24 and stochastic bouncing from oversold levels signal potential reversal. Targets $11.72 resistance if TOTAL3 pumps. Confirmation required for breakout! ????
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The DOT/USDT heatmap reveals significant liquidation at $8, with stabilization near $6.5. Indicators like RSI and stochastic suggest a bullish momentum shift. DOT is likely preparing for a strong uptrend in the long term, supported by healthy consolidation and reduced selling pressure. A potential breakout might result in impressive gains. Stay tuned! ????
Trade Details:
Entry: Around 6.464 ( Join my Binance live for premium crypto signals )
1st Tp: 9.087
2nd Tp: 10.811
3rd Tp : 11.713
$DOT #swap_crypto #DOT_UPDATE #dotcoin
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