A bullish reversal pattern has formed with consecutive higher lows since the bottom, which suggests further potential upside, according to the model.
Technical Analysis:
- DOT experienced a 3.67% correction from $3.596 to $3.464 before finding strong support.
- Volume exceeded 2.5M units at the $3.47 support level, significantly above the 24-hour average.
- A bullish reversal pattern formed with consecutive higher lows since the bottom.
- V-shaped recovery pattern emerged starting at 11:43, with volume increasing to over 34,000 units during the 11:45 timeframe.
- Price broke through multiple resistance levels, reaching a peak of $3.559 at 12:09.
- Potential continuation of upward momentum if the $3.57 resistance can be cleared.
