DOTUSDT - falling wedge
2024-09-23

hi Traders,

We're analyzing the DOTUSDT Daily chart, and the price is now at $4.30 and has formed a falling wedge
formation. 

If the price breaks out of the falling wedge , entering the long position will be justified.
The technical target for this move is around $6.90. 

3 more targets are shown on the chart

The RSI is currently at 49 , which is still in the neutral zone, but it’s forming higher lows, indicating
growing bullish momentum. This is often a sign that buying pressure is increasing, even though the price
hasn’t broken out yet. The higher lows in RSI are a form of bullish divergence, which supports the
potential for an upward move.

Good luck