DOT/USD - Can we push higher? DOT consolidating.
DOT had a fantastic week with a 24.8% price increase. This came due to a major breakout from the ascending triangle highlighted in blue. Dot quickly made past the previous resistance at $48 and continued up to reach the current resistance, which sits at $53
The indicators are on the bullish side and signal that there might be more to come from DOT before any significant correction. At the present time, DOT has to clear beyond the $53 resistance to expect further increases in price.
Looking ahead, DOT is one of the strongest altcoins in the market, with solid fundamentals that can propel prices to much higher levels. If DOT is successful in passing the current resistance, the next critical level will be found at $71.
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The indicators are on the bullish side and signal that there might be more to come from DOT before any significant correction. At the present time, DOT has to clear beyond the $53 resistance to expect further increases in price.
Looking ahead, DOT is one of the strongest altcoins in the market, with solid fundamentals that can propel prices to much higher levels. If DOT is successful in passing the current resistance, the next critical level will be found at $71.
Like and follow if you liked my idea!
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