DOT price coming back to $4.30DOT price action forms a triangle pattern in the weekly chart.
DOT price trend shows a negative cycle starting in the triangle, ready to break below the $5 support zone. The bear cycle will test the $4.30 bottom support accounting for a 15% drop.
However, the uptrending RSI line depicts a divergence in the DOT price trend, predicting a bullish reversal from $4.30. Also, it increases the chances of an early reversal leading to an upside breakout.
The bullish breakout can rechallenge the overhead supply at $5.65.