$DOT experienced a strong rally up to 10.500 but is now retracing and trading at 8.377.

Possible Scenarios:

1. Bullish Case:

If the price holds above EMA(7) and volume increases, it could retest the resistance around 9.359 (24h high) and potentially aim for 10.500 again.

A break above 9.359 with strong momentum could resume the uptrend.

2. Bearish Case:

A breakdown below EMA(7) and EMA(25) could push the price lower, targeting the next support levels at 8.000 and 6.353 (EMA(99)).