Recent technical analysis indicates that DOT is exhibiting bullish momentum, with the Relative Strength Index (RSI) at 81.8, suggesting overbought conditions. The Moving Average Convergence Divergence (MACD) remains bullish, and a "golden cross" has formed, with the 50-day moving average surpassing the 200-day moving average. Key support levels are identified around $3.77, while resistance is noted near $9.25.
However, another analysis points out that DOT is consolidating near critical support at $6.45, with potential resistance at $7.34. A breakdown below $6.45 could lead to further declines, while a breakout above $7.34 might signal a bullish reversal.
Given verbought RSI and proximity to key support levels, traders should exercise caution and monitor these levels closely for potential price movements.