$DOT Testing Crucial Levels After a Sharp Pullback
$DOT is trading at $6.628, up slightly by 0.79%, after a steep drop from its 24-hour high of $6.839 to a low of $6.393. The price is now testing a key support zone, with RSI at 19.38 indicating oversold conditions, hinting at a potential bounce.
Key Levels to Watch:
Resistance Levels (Targets):
1. $6.730
2. $6.800
3. $6.900
Support Level: $6.550
Market Insight:
A recovery above $6.730 could spark a move toward $6.800 and eventually $6.900 if buying momentum strengthens. However, failure to hold $6.550 may push the price toward further declines. Watch for confirmation from RSI and MACD before entering trades.
Pro Tip: Use tight stop-losses below support to manage risk in this volatile setup.