$DOT /USDT Analysis and Update

Current Price: $9.746 (-3.10%)

24h High: $10.359

24h Low: $9.055

24h Volume:

DOT: 28.56M

USDT: 279.39M

4h Chart Analysis

$DOT /USDT has been showing a slight decline of -0.36% in the last 4 hours, currently trading at $9.746. Despite the recent pullback, the price remains within a relatively stable range. The coin tested its 24-hour high earlier at $10.359 but has been unable to hold that level.

Key Levels to Watch:

Resistance: $10.359 – The 24-hour high suggests strong resistance around the $10.350 level. A move above this could signal a return to a bullish trend.

Support: $9.055 – The 24-hour low represents a key support level. If the price drops to this level, traders will look for a potential reversal.

Targets:

Bullish Target: $10.500 – A breakout above $10.350 could bring DOT closer to $10.500, marking the next key resistance level.

Bearish Pullback Target: $8.500 – In case of a deeper pullback, the price could target the $8.500 level, where significant support may hold.

Trend Outlook:

DOT/USDT is currently facing some selling pressure, but the overall trend remains neutral to slightly bearish. A break above $10.350 could revive the uptrend, while a continued pullback could test support levels around $9.055 and potentially $8.500. Traders should monitor price action near these levels for potential trade setups.

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