DOT Technical Analysis: Buyers Ready To Blast Out Of The Falling Wedge

DOT coin price shows a bullish reversal within the falling wedge pattern which increases the chances of an upside breakout. Key technical points: The coin price approaches the $25 mark. DOT coin price ready to break above the resistance trendline. The 24-hour trading volume of Secret is $1.30 Billion, marking a 63% rise. Past Performance of DOT DOT coin price shows a bullish retracement in the falling wedge pattern formed in the daily chart resulting in a price jump of 15% last week. The increasing bullish pressure shows a high likelihood of a bullish breakout of the falling wedge along with the 50-day EMA. As a result, the breakout rally could reach the 200-day EMA at $25. Source-Tradingview DOT Technical Analysis DOT coin price action shows the possibility of a bullish breakout of the falling wedge as the Fantom coin jumped almost 10% in the last 48 hours. The down trending 50-day EMA provides a constant dynamic barrier to keep the bullish growth in check. Therefore, the 50-day EMA breakout will provide an excellent entry point for buyers with a target of $25. RSI Indicator: The RSI slope jumps to the 50% mark as the 14-day average rises. The slope entering the nearly overbought zone will generate a buying opportunity. Moreover, the bullish divergence is quite evident in the slope. Stochastic RSI Indicator: The K and D lines restart the bull cycle with the sudden reversal in the neutral zone. The lines may shortly enter the ...