DOT Price Analysis Strong Support Levels Point to Potential Upward Rally

DOT pricing has been selling in a robust increase since April, so the pattern continues unbroken. The present uptrend is supported by both short-term and long-term moving averages. However, it's vital to note that DOT pricing has failed to break past the upper Bollinger Band (2.00), which might lead to a selloff if it does not break above this level in the short future.

DOT price is now trading around its 50 day the average, which implies that the rally may soon reverse when resistance levels appear. This would likely precipitate a selloff in DOT cost toward $0.0035 if it breaks below the recent low at $0.0025 either tonight or tomorrow, which would invalidate any short orders that have been made against DOT price at this level.

The MACD line crossed over its signal line but stays below zero, suggesting that short-term momentum is negative for DOT pricing at now. However, we predict this signal to shift direction as soon as the negative slope of MACD crosses over zero again