$DOT
đ DOT/USDT Technical Analysis: Is a Bullish Breakout on the Horizon? đ
The DOT/USDT pair is currently trading at 8.703 USDT, and the charts are showing strong potential for a move. Hereâs the analysis:
đ Support: The 8.50 USDT level has been acting as a key support zone. If the price retraces towards this area, it could provide an excellent buying opportunity, with expectations of a strong bounce to the upside.
đ„ Resistance: Watch the 8.80 USDT level, where price has faced rejection in the past. A clean break above this resistance could trigger a bullish rally, with the next target at 9.00 USDT.
đ Entry Strategy: Look for an entry near 8.70 if the price holds above support. A breakout above 8.80 with strong volume could signal a continuation of the uptrend, leading to a move toward 9.00.
With strong support and a critical resistance level in sight, DOT/USDT is positioning itself for a potential breakout. Stay tuned for key price action and ride the trend! đđ
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