DOT Update 🟡
DOT is currently moving sideways. Long-term EMAs and MAs (50, 100, 200, 500) are all above the short-term ones — a bearish sign.
Looking at the Bollinger Bands, the price is near the lower band, which often signals a potential bounce. However, current levels are:
Support: $3.25 (recent low)
Resistance: $4.20 (EMA 100), followed by $5.00+ (EMA 200/500)
If DOT holds above $3.50–$3.80 and breaks $4.20, a reversal trend could begin, potentially pushing the price above $5.00.
But if price breaks below $3.20, further downside towards $2.80 is possible. 🗿