$DOT /USDT Technical Analysis and Trade Signals
Current Price: $11.1 (+11.42%)
Momentum Analysis:
Polkadot (DOT) is exhibiting bullish momentum on higher timeframes, driven by increased trading volume and strong price recovery. However, short-term corrections indicate profit-taking, creating potential re-entry opportunities.
Support and Resistance Levels:
Immediate Support: $10.40
Key Support: $9.05 (24h low)
Resistance Zone: $11.50 - $11.80
Trade Setup:
Entry Zone:
Aggressive: $10.80 - $11.00
Conservative: $10.40 - $10.60
Stop Loss (SL): $9.80
Targets 🎯:
1. Target 1: $11.50
2. Target 2: $12.20
3. Target 3: $13.00
Indicators Overview:
1. RSI:
Currently at 70+ (overbought on smaller timeframes), indicating possible short-term pullback before continuation.
2. MACD:
Bullish crossover observed, confirming upward momentum.
3. Moving Averages:
Price is trading above 20 EMA and 50 EMA on the 1D timeframe, reinforcing the bullish outlook.
Trade Momentum:
Short-Term: Watch for a pullback to $10.80 for re-entry. A breakout above $11.50 could trigger momentum towards higher targets.
Mid-Term: A sustained move above $12.00 may confirm a strong uptrend, targeting $13.00 and beyond.