#DOT

1. Current Price Overview

• Current Price: $7.03

• Resistance Levels: $10, $15, $20

• Support Levels: $6.50, $5.80

• Trend: DOT has broken out of a falling wedge pattern on the weekly timeframe, signaling a potential bullish reversal.

2. Technical Analysis

Fibonacci Extensions

• Using the last major swing low ($3.65) to swing high ($11.65), the Fibonacci extensions provide targets:

• 1.618 Level (Key Resistance): ~$24

• 2.618 Level: ~$34

Moving Averages (MA):

• Short-Term (7 EMA): Bullish, price above $7 EMA

• Medium-Term (25 EMA): Likely to

cross soon, confirming a bullish crossover.

• Long-Term (99 EMA): Resistance near $10. Clearing this level strengthens the long-term bullish trend.

RSI (Relative Strength Index):

• Current RSI (Weekly): ~47 (neutral zone). DOT needs to cross 60 to confirm strong bullish momentum.

MACD (Weekly):

• MACD histogram shows reducing bearish momentum. A bullish crossover could signal the start of a strong uptrend.

3. Time Forecast Using Technical Patterns

Falling Wedge Breakout

• Historically, after a falling wedge breakout, cryptocurrencies see significant price gains within 2 to 5 months.

Measured Move Analysis:

• The distance from the wedge’s widest point (~$11.65 - $3.65 = $8.00) suggests a projected price target of $24.00.

• Based on the breakout velocity:

• Short-Term Target: $10 (within 1 month).

• Mid-Term Target: $15 (within 3 months).

• Long-Term Target: $24 (within 6–9 months).

Historical Price Movements:

• DOT has historically shown strong parabolic moves after crossing key resistances. Clearing $15 could accelerate the move to $24.

4. Probable Timeline for $24

• 1 Month (January 2025): Consolidation around $10.

• 3 Months (March 2025): Breaking $15 with strong momentum.

• 6–9 Months (June–September 2025): DOT reaches $24 if bullish market sentiment