Technical analysis by CryptoAnalystSignal about Symbol DOT: Buy recommendation (10/28/2024)

#DOTThe price is moving in a descending channel on the 1-hour frame and sticking to it wellWe have a bounce from the lower limit of the descending channel and we are now touching this support at 0.400We have a downtrend on the RSI indicator that is about to be broken, which supports the riseWe have a trend to stabilize above the moving average 100Entry price 1.10First target 4.26Second target 4.40Third target 4.62