DOT seems to have hit strong support channel on the daily time-frame, simultaneously the RSI shows a strong bullish divergence, the EMA lines are too far apart, and the MACD has crossed the signal line below the zero line, all of this whilst in confluence with the TOTAL2 Market, which is currently giving signs of a possible rebound, and if so the whole market will soon start to give signs.
Since DOT has actively been developing Parachains interoperability and attending the max supply and marketcap it may have still quite a bit to go up. However false signs have been given before, and this support level has already failed to hold in the past. My conclusion is that either this is the perfect time to buy, or a dip to previous ATL's in the 16´s range
Short term: Bullish
Long term: Neutral
This is not financial advice, it's a personal view on market trends from a guy on the internet, attend your own risk management and market research.
Since DOT has actively been developing Parachains interoperability and attending the max supply and marketcap it may have still quite a bit to go up. However false signs have been given before, and this support level has already failed to hold in the past. My conclusion is that either this is the perfect time to buy, or a dip to previous ATL's in the 16´s range
Short term: Bullish
Long term: Neutral
This is not financial advice, it's a personal view on market trends from a guy on the internet, attend your own risk management and market research.