Best Buy in DOT
2024-12-29
Category: None

📊 DOT/USDT Analysis
🔹 The price remains in a short-term downtrend, currently testing the dynamic resistance of the descending trendline.
🔹 The EMA50 ($7.26) is acting as strong resistance, and breaking above it could trigger a bullish wave.
🔹 Key support lies in the $6.11 - $6.90 range, and losing this zone might lead to further downside risk.
🔹 If resistance levels are broken, the next target could be the $10.42 range. 🚀

📈 RSI Indicator suggests reduced selling pressure and a potential trend reversal.

💡 What do you think of this analysis? Is DOT ready for a breakout? 🤔