Technical analysis by CryptoAnalystSignal about Symbol DOT: Buy recommendation (4/23/2025)

#DOTThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading towards a strong breakout and retest.We are seeing a bounce from the lower boundary of the descending channel, which is support at 4.05.We have a downtrend on the RSI indicator that is about to be broken and retested, which supports the upward trend.We are looking for stability above the 100 moving average.Entry price: 4.08First target: 4.10Second target: 4.15Third target: 4.20