#DOTUSDT 📈 Ready to go higher
$DOT price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.
#DOTUSDT
The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.
There is a key support zone (in green) at 0.760. The price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
🔸Entry Price: 0.814
✅ Target 1: 0.826
✅ Target 2: 0.842
✅ Target 3: 0.864
$DOT price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.
#DOTUSDT
The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.
There is a key support zone (in green) at 0.760. The price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
🔸Entry Price: 0.814
✅ Target 1: 0.826
✅ Target 2: 0.842
✅ Target 3: 0.864