$DOT still continue Bearish season
Technical analysis of $DOT /USDT, as of July 3rd, 2024, the price of DOT is currently trading at $6.269 with a slight decline of 1.49% over the last 24 hours.
The 24-hour high and low stand at $6.611 and $6.256 respectively, with significant trading volume observed in USDT at 35.38 million.
The Moving Average (MA) indicators suggest a bearish trend, supported by the Exponential Moving Average (EMA) and Bollinger Bands (BOLL) indicating a downward movement.
The Relative Strength Index (RSI) is at 42.11, indicating a neutral sentiment without strong buying or selling pressure. MACD is negative, suggesting potential further downside.
Investors should exercise caution, considering the recent negative trend over the past 7 days (-4.04%) and 30 days (-10.42%).
Traders might find opportunities in short-term sell-offs but should be mindful of overall bearish sentiment in the medium term.
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