The current price of DOT is around $10.84, with a trend of opening higher and moving lower after opening on the daily chart. Affected by the entire cryptocurrency market, the short-term short trend is relatively strong, so the main trading idea is to favor the short side, paying special attention to EMA15 near $10.5 as a support level.
The MACD indicator shows that heavy volume is decreasing, while the KDJ indicator shows a downward alternating pattern. The upper pressure level has been relatively high in the past half month, especially the resistance near the $12 integer mark. The support level below is concentrated around the integer mark of $10.
On the short-term four-hour chart, the trend is beginning to show signs of shrinking to the downside. A downward top divergence on the DIF and DEA indicators indicates impending downward momentum. The current K-line is at $11.58 near the Bollinger Band upper limit, which may serve as a good entry point if it fails to break through this level. The key support below is near the integer mark of $11 and the lower Bollinger Band track of $10.4.
