(FOLLOW ME FOR MORE INSIGHT) $DOT has just delivered a textbook move that screams BUY! 📈 After testing its EMA 34 on the weekly chart—a critical level that has historically acted as strong support during bullish recoveries—DOT bounced back with conviction. This bounce signifies renewed buying interest and a potential shift in market sentiment towards a bull trend. 🐂

Here’s why this is a big deal:

1️⃣ EMA 34 Holds Strong: A respected moving average like the EMA 34 on a higher timeframe is a key indicator for institutional and retail traders alike. DOT’s ability to defend this level suggests robust demand.

2️⃣ Confirmed Rebound: The weekly candle closed above the EMA 34, confirming the bounce and signaling upward momentum.

3️⃣ Bullish Catalysts Aligning: With macro trends in crypto turning favorable and DOT’s fundamentals solid, this could be the beginning of a major rally.

📊 What’s Next?

• Immediate targets are $8.7 and $11, aligning with previous resistance zones. Long-run target is still $55 its ATH

• Risk management is key! Place your stops below the EMA 34 to manage potential downside.