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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.
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
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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