#DOT ... it's again about Polkadot.

I just saw this post on a German channel:

Polkadot at a turning point!

Polkadot presents an increasingly constructive picture on the daily chart, which, in line with the development of many altcoins, points to a potential bottom. The price recently managed a convincing breakout above the 50 EMA, which is currently being confirmed by a successful retest together with the horizontal support at USD 3.78. This technical reaction strengthens the thesis of an incipient reversal movement and opens up scope for further upward momentum.

This scenario is supported by analysing the liquidation levels (bottom left in the chart below): There is a clear concentration of long liquidity below the current price level, which indicates a large number of hedged long positions. At the same time, a large part of the short liquidity above the current price range has already been picked up, an indication of existing strength and the potential to target the 200 EMA.

However, the MACD (Moving Average Convergence Divergence) is signalling a weakening of the positive momentum. The histogram is levelling off and could indicate the start of a transition phase. At the same time, the RSI (Relative Strength Index) is in overbought territory, which suggests a certain degree of overheating in the short term, but at the same time emphasises the bullish market situation. The focus is now on the white, descending trend line. A break above this mark and a sustained break above the 200 EMA would provide a clear signal for a structural trend change. In this case, the next relevant resistance area at USD 5.15 will take centre stage

So: if DOT breaks the resistance area at USD 5.15, we might see even more ascending trend!

It would be time that DOT changes its course!