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Cryptocurrency News Articles

Polkadot (DOT) and TOTAL3 Analysis: Expected Rally

Jan 09, 2025 at 08:00 am

DOT/USDT is showing an 8-hour Falling Wedge, hence it could breakout. The RSI is at 34.08, hence the cryptocurrency is overbought, and the stochastic oscillator is near 14.09, hence it could have a bullish reversal. Bollinger Bands squeezed, meaning it would come up with volatility very soon.

Polkadot (DOT) and TOTAL3 Analysis: Expected Rally

DOT/USDT is forming an 8-hour Falling Wedge and could breakout soon. The RSI (34.08) shows the cryptocurrency is overbought, and the stochastic oscillator (14.09) suggests a bullish reversal. Bollinger Bands are squeezed, indicating upcoming volatility.

Support: $6.43

Target: $7.45

Resistance: $8.18

Polkadot (DOT) and TOTAL3 Analysis: Anticipated Rally

TOTAL3 is forming a textbook bull flag, confirmed by the RSI (57.18) and recovering stochastic, indicating bullish momentum in crypto (excluding BTC/ETH).

DOT/USDT is setting up for a descending triangle breakout. The RSI (53.24) and stochastic bouncing from oversold levels suggest a potential reversal. Targets TOTAL3 resistance at $11.72 if it pumps.

Confirmation is needed for the breakout!

The DOT/USDT heatmap shows strong liquidation at $8 and stabilization around $6.5. bullish momentum is shifting, according to indicators like the RSI and stochastic.

DOT appears to be preparing for a strong uptrend in the long term, supported by healthy consolidation and less selling pressure. A potential breakout could lead to impressive gains. Stay tuned!

Trade Details:

Entry: Around 6.464 ( Join my Binance live for premium crypto signals )

1st Tp: 9.087

2nd Tp: 10.811

3rd Tp : 11.713

$DOT #swap_crypto #DOT_UPDATE #dotcoin

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News source:www.binance.com

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