DOT price showcases an impressive 21% jump, signifying a strong bullish momentum.
Weekly Chart Breakout: A channel breakout rally in the weekly chart is fueling DOT's uptrend.
Potential for Higher Targets: If the current momentum is sustained, DOT could potentially exceed the $10 mark.
Reversal from Downtrend: The reversal rally marks the end of a prolonged downtrend, offering a positive outlook for DOT.
Three-Month Recovery: A notable 94% recovery over the last quarter highlights DOT's strong market comeback.
Technical Indicators Aligned: RSI indicates robust bullish momentum, crossing into the overbought zone.
Intraday Pullback Noted: Despite the recent surge, DOT experiences a 4.87% intraday pullback, indicating potential exhaustion among bulls.
Market Recovery Impact: DOT's movement is in sync with the broader market recovery, enhancing investor confidence.
Fibonacci Level as a Key Marker: The rally challenges the 23.60% Fibonacci retracement level, suggesting potential for further uptrend.
Support Levels to Watch: In case of a downtrend, key support levels to monitor include the 50D EMA and the $6 level.
Weekly Chart Breakout: A channel breakout rally in the weekly chart is fueling DOT's uptrend.
Potential for Higher Targets: If the current momentum is sustained, DOT could potentially exceed the $10 mark.
Reversal from Downtrend: The reversal rally marks the end of a prolonged downtrend, offering a positive outlook for DOT.
Three-Month Recovery: A notable 94% recovery over the last quarter highlights DOT's strong market comeback.
Technical Indicators Aligned: RSI indicates robust bullish momentum, crossing into the overbought zone.
Intraday Pullback Noted: Despite the recent surge, DOT experiences a 4.87% intraday pullback, indicating potential exhaustion among bulls.
Market Recovery Impact: DOT's movement is in sync with the broader market recovery, enhancing investor confidence.
Fibonacci Level as a Key Marker: The rally challenges the 23.60% Fibonacci retracement level, suggesting potential for further uptrend.
Support Levels to Watch: In case of a downtrend, key support levels to monitor include the 50D EMA and the $6 level.