$DOT $DOT

DOT/USD Technical Analysis – Price at $9.425: Key Levels and Strategy

Polkadot (DOT) is currently trading at $9.425, and the price is testing key levels that could shape its next major move.

Support is seen at $9.00, a level that has acted as a strong support zone in the past. A bounce from this area could provide a solid entry point for long positions, with the next target toward $9.50. However, a break below $9.00 could signal further downside, potentially testing $8.50 as the next key support level.

On the upside, resistance is at $9.75. A breakout above this resistance would indicate a bullish continuation, opening the door for a rally toward $10.00 and possibly higher levels in the near term.

Entry Strategy: Traders may consider entering near $9.00 support, targeting the $9.75 resistance for a potential short-term rally. Alternatively, a breakout above $9.75 could be an attractive entry point, with stop losses placed below $9.00 to manage risk effectively.

With both RSI and MACD showing a neutral-to-bullish outlook, DOT is poised for a potential breakout. Watch these key levels closely, as a breakout above resistance or a bounce from support could lead to significant movement in DOT/USD.

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