DOT Technical Analysis in a Weekly Timeframe

7 Ogo

Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

DOT is under a symmetrical triangle pattern and within the accumulation range. Recently, the price reached the lower support of $3.590 and bounced back strongly.

In the long run, DOT looks bullish, and we are likely to see a decent rally once it breaks out above the resistance trendline.

Key levels:

- Accumulation/Support: $3.590 to CMP.
- Primary Resistance: $6.5.
- Long-term Target: 10x-15x gain.
- Invalidation: A weekly close below the $3.590 support level.

DYOR. NFA.

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