$DOT /USDT Technical Analysis – Key Range Consolidation 📊

Current Price: $7.09

DOT/USDT is consolidating within a crucial range, with buyers defending support at $6.80, showing strength. The immediate resistance at $7.20 is the key level for bulls to break to confirm further upward momentum.

🔑 Key Levels to Watch:

Support: $6.80 – A breakdown below this could lead to a drop toward $6.50.

Resistance: $7.20 – A breakout above this level could trigger a move toward $7.50–$7.80.

📈 Trading Strategy:

Bullish Scenario: A breakout above $7.20 with strong volume could signal a rally toward $7.50 and possibly $7.80.

Bearish Scenario: A failure to hold $6.80 may lead to a retest of $6.50, offering short opportunities.

🔍 Technical Indicators:

RSI is near neutral, showing indecision but with a slight upward bias. Increased volume near resistance is crucial to confirm the breakout.

⚠️ Outlook:

DOT/USDT is at a pivotal point. A break above $7.20 could signal bullish continuation, while a drop below $6.80 may lead to further downside. Watch these levels for the next significant move! 📈

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