Like a lot of coins, Dot is not feeling good as well After a run that started in July and ended with a new ATH in first days of November, Dot has started to roll back and now is trading exactly in the horizontal support The price action from September by now can be also viewed as a large H&S and a break under the neck-line could accelerate losses. If the selling pressure in the crypto market continues, I would net be surprised for this coin to drop to 10-12 support zone. Only price back above 32 would put a pause to this bearish scenario.
Looks like a triangle and could go either way. As it has corrected 2/3 of it's price I would think it should resume to the upside and if fails to a 3 point correction. Good project and founder. RSI on the raise.
oooweee my second time seeing a solid idea on DOT going down and i'm becoming excited about the opportunity it poses.
Cannypig
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There is another fib line about 15-16 USD that Dot has hung about around before twice in jan and june 21 for a couple of weeks . I suspect it may hang around there again first.