$DOT is currently trading at $8.195, showing a slight gain of +0.18% over the last 24 hours. The price action is consolidating after testing a resistance level of $8.568, with support seen near $8.027.
Key indicators to note:
• The 7-hour MA at $8.183 is closely aligned with the current price, suggesting a neutral bias in the short term.
• The 25-hour MA at $8.301 acts as immediate resistance for any upward momentum.
• The 99-hour MA at $8.376 is a critical hurdle for bulls to regain control.
Trading volume for DOT stands at 13.36M, while USDT’s volume is notably higher at 111.21M, reflecting significant activity but cautious sentiment.
Traders should keep an eye on the $8.568 resistance. A breakout above this level could signal a bullish continuation, targeting $8.80 and beyond. On the downside, a sustained dip below $8.027 could open the door for further consolidation around the $7.80-$7.90 range.