DOT 12h Preparing for another upward momentum?

25 Jan 2021

To your attention DOTUSDT which made x4 in a month and it looks like it has no plans to stop)
Unsurprisingly, this coin has collected almost the most votes in our weekly digest to analyze it. We promised - we are doing, by the way, you still have the opportunity to offer your options for analysis.

Around the level of $18.80, sellers became active a little and were able to shake the DOTUSDT price by $4 down to $14.70.

However, it looks like buyers are not planning to give up.
At the moment, the DOTUSD price is consolidating below the level of $18.80.
Such a process can be regarded as preparing buyers to drive the price higher.

The targets from above were slightly corrected, now the zone is $21.50 - 24. It is these two levels that we will be watching closely as they can become serious resistance for the DOT price.
To drive the price up, buyers should not let the DOTUSDT price fall below $16.50.
We will receive a strong buy signal from the chart when the DOTUSDT price can confidently fix above $18.80.

DOT is pretty technical right now, if you're curious, you can check out our series of DOTUSDT ideas in the related ideas below.
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