LIVE$DOT - price analysis:
🔶If we zoom on the weekly and HTF, the price is stuck between the 6.00$ and 7.700$ level!
There is no bullish confirmation for the moment.
[Neutral zone, HTF consolidation ⏳]
The 5.800$ - 6.00$ is acting as key support zone and magnet level for the price.
🔷Now, let's zoom on the short term PA👇🏼:
The daily price remain bearish & the buy pressure is also weak!
The current price is getting rejected by the downtrend and the Kijun daily📉
As long as the price stays below $7,500, there's a good chance we'll see another dump toward 6.500$ or lower❗️❗️
➡️From what I know, the #DOT ecosystem continues to grow and diversify! Accumulating tokens around $6.00 seems like a good idea!
For the long term, if #BTC falls towards $52,000, the price of DOT could easily retest $6.00 or even drop to around $5,500 or $5.00.
