$DOT Analysis may rise to 5.14 - 5.19

30 MIN TIMEFRAME

The current pivot point is 4.95, which is a neutral level. The preference is for the price to continue to rise towards 5.19 as long as 4.95 is support. However, if the price breaks below 4.95, it is likely to fall towards 4.86.

The RSI is above its neutrality area at 50, which indicates that the bulls are in control. However, the MACD is positive and below its signal line, which suggests that the momentum is slowing down. This could lead to a retracement in the price.

The price is also trading under its 20 period moving average (5.03) but above its 50 period moving average (5.01). This suggests that the market is moving sideways and could be ripe for a breakout.

Overall, the technical indicators suggest that the market is in a neutral state and could go either way. However, the preference is for the price to continue to rise towards 5.19 as long as 4.95 is support.

Here are the key takeaways:

The pivot point is 4.95.

The preference is for the price to rise to 5.19 as long as 4.95 is support.

If the price breaks below 4.95, it is likely to fall to 4.86.

The RSI is above its neutrality area at 50.The MACD is positive and below its signal line.

The price is trading under its 20 period moving average (5.03) but above its 50 period moving average (5.01).

I hope this is helpful!

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