The price of DOT is currently trading near $3.79 after a slight decline of approximately 2% over the last 24 hours, with limited movement between $3.71 - $3.89. The current motion reflects a kind of calm volatility without any strong buying or selling momentum.
Technical Indicators:
The RSI is leaning neutral with a slight downward bias, indicating that buyers have not shown strength yet.
The EMA moving average shows the price is moving below some short-term averages, which weakens the upward trend in the near term.
The MACD is still in a slight negative range, reflecting a temporary dominance of selling pressure.
Support and Resistance Levels:
Support at $3.70, and breaking this level may open the way for further declines.
The first resistance is at $3.90, and breaking it gives an initial signal for a return of upward momentum. The second resistance is at $4.20, which is currently the most important to confirm any new upward trend.
Expectations:
In the short term, there is sideways volatility with a slight downward bias as long as the price is below $3.90. If the price manages to stabilize above $4.20, a gradual upward trend may begin with targets at $4.50 - $5.00.
In summary, DOT is currently in a support testing phase, and buyers have not yet shown strength. Focus should be on the $3.70 level as the main support, and smart investors may monitor a breakout above $3.90 - $4.20 to confirm any upcoming rise.
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