Brief Analysis ——DOT
Today, we share three tokens, all of which were relatively popular yesterday. They are LINK, DOT and SNX.
After DOT repaired the loss of FUD, it maintained the fluctuating for half a month. Bulls attacked the 5.6 twice but failed. Today is the third attack. This position is the high of the stacking area in May, so there is a lot of resistance. After the long green candle appeared last week, consecutive red candles followed, close to recovering the gains of the long green candle. Although the price held above the black line, the bears persisted for a long time.
Conclusion: Mostly fluctuation. DOT maintain neutral on a large scale and bulls isn’t much ahead on a small scale. Therefore, we believe that there is a high probability of maintaining fluctuating. The price may keep in the area of the red and black lines this week. We set resistance level at 5.6 and support level at 4.8.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
After DOT repaired the loss of FUD, it maintained the fluctuating for half a month. Bulls attacked the 5.6 twice but failed. Today is the third attack. This position is the high of the stacking area in May, so there is a lot of resistance. After the long green candle appeared last week, consecutive red candles followed, close to recovering the gains of the long green candle. Although the price held above the black line, the bears persisted for a long time.
Conclusion: Mostly fluctuation. DOT maintain neutral on a large scale and bulls isn’t much ahead on a small scale. Therefore, we believe that there is a high probability of maintaining fluctuating. The price may keep in the area of the red and black lines this week. We set resistance level at 5.6 and support level at 4.8.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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