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Technical analysis by Sahrin about Symbol DOT: Sell recommendation (2/2/2025)

https://sahmeto.com/message/3217202
Sahrin
Sahrin
Rank: 4458
1.8
Sell،Technical،Sahrin

Currently, the price is in a correction phase, declining from its peak.The price is near the lower Bollinger Band, indicating oversold conditions.The bands are contracting, suggesting lower volatility.If $5.50 support breaks, price could decline towards $5.00 or lower.A test of $3.60 could occur if the bearish trend continues.

Translated from: English
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Signal Type: Sell
Time Frame:
1 day
Price at Publish Time:
$6.01
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