Really A 30% Losses in #DOT within just 7 days..
$DOT Price Analysis: Bearish Pressure Intensifies..
DOT is currently trading at $6.428, down by 15.57% over the past 24 hours. The price has dropped from a high of $7.802 to test the day’s low at $6.401, reflecting a strong bearish trend.
Key Levels to Watch:
Support: $6.40 – A breakdown below this level could push $DOT toward $6.00 or lower.
Resistance: $7.00 – Bulls need to reclaim this level to reverse the current downtrend.
Trade Setup:
Entry Point: Around $6.42 for cautious short-term trades.
Targets:
1. $7.00 (short-term resistance)
2. $7.80 (major recovery zone)
Risk Management:
Stop-loss: $6.20 to minimize potential losses.
Market Insight:
$DOT remains under significant selling pressure. A bounce near the critical $6.40 support is possible but requires volume confirmation to sustain. Traders should wait for signs of stabilization before entering large positions.
