Major Trend: Price is forming a symmetrical triangle (compression between descending resistance & ascending support). This usually signals a strong breakout soon.
Volume: Slightly picking up (not explosive yet).
RSI (6): 66.7 → Close to overbought, showing bullish momentum but room left before extreme.
📈 Key Levels
Resistance (Upside Targets):
$4.47 → Major horizontal resistance & upper breakout zone.
$4.99 → Next resistance, psychological & historical supply.
$5.40 → Strong resistance zone where many sellers may step in.
Support (Downside Risk):
$3.41 → Major support zone (orange box in chart).
$3.00 → Critical support (if broken, bearish continuation).
$2.88 → Long-term downside target if heavy selling resumes.
🧭 Technical Indicators
Trendline Compression: DOT is squeezed between ascending support & descending resistance. Breakout (up or down) is imminent.
Moving Averages:
MA(5) at $4.48 and MA(10) at $4.96 → Price is still below both, so needs confirmation of strength.
RSI: Bullish momentum building, but nearing overbought → breakout could come with a short-term pullback. Bullish Breakout (probable if price breaks >$4.47 with volume):