Technical analysis by Houmani about Symbol DOT: Buy recommendation (10/18/2024)

DOT/UST has successfully held above the monthly support level at $4.06, indicating a strong defense of this critical zone. The recent formation of a bullish reversal candle suggests a potential trend reversal, with price action signaling upward momentum. This pattern, combined with sustained support, hints at a breakout scenario, possibly leading to a significant upward move.Key technical indicators, such as volume spikes, RSI divergence, or MACD bullish crossovers, could further confirm the strength of this reversal. A breach of the immediate resistance levels may signal the beginning of a new uptrend, potentially accelerating the rally. DOT appears poised for an upward breakout—momentum is building for a substantial move.