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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
Important
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