Chart analysis #DOT /USDT (3 days)
Potential scenarios
Bullish scenario: If the price successfully breaks through the descending wedge upwards and consolidates above $5.68, we can expect growth to $6.90 and $8.90. Bearish scenario: If the price fails to break through the resistance of $5.68, a pullback to $4.55 and below to $4.00 is possible. In this case, the pressure from sellers will increase, which can lead to a further decline to $3.75.
Result
The DOT/USDT price is at a critical level, approaching the end of the descending wedge. A breakout of this wedge upwards and consolidation above $5.68 can lead to significant growth. However, in case of failure, a pullback to support zones is possible.
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