A technical breakdown of $DOT
4.252
+10.38%
#USDT based on the chart:
1. Trend & Momentum
• Current price: 4.217, up +7.96% in 24h,
showing strong bullish momentum.
• Price is above all key moving averages: MA(7) = 4.185, MA(25) = 4.100, and MA(99) = 4.050. This alignment is typically bullish and suggests short, medium, and long-term strength.
• The last significant low was 3.837, and since then, the price has made higher highs and higher lows, indicating an uptrend.
2. Support & Resistance
• Immediate resistance: 4.242 (recent high). A breakout above this level with volume could push towards 4.26–4.30 short-term.
• Support levels: First at 4.173 (recent consolidation), then stronger support around 4.10 (MA25) and 4.05 (MA99).
3. Volume & Volatility
• 24h volume is high (10.96M DOT), which adds strength to the price move.
• Green candles dominate recent hourly bars, showing sustained buyer interest.
4. Short-Term Outlook
• If price breaks and holds above 4.242, bullish continuation is likely.
• If rejected, it could pull back to 4.17–4.10 before another attempt upward.
• Given the momentum and MA positioning, this setup leans bullish for short-term trading, but a stop-loss near 4.10 is sensible to protect against sudden reversals.
