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Everyone thinks $DOT is dead but the chart is whispering something very different right now.
We just had a massive twelve percent move today and the price action is looking spicy. It finally broke through that sticky resistance around one point five and is currently sitting at one point five nine three. If we can hold this level then the next major hurdle is one point seven six where we saw some heavy selling before.
The volume is definitely waking up and the order book is heavily skewed towards the buyers with over sixty eight percent on the bid side. That is a lot of strength coming in all at once. We have been building a solid base around the one point four area for a while now and this breakout feels like it has some real legs.
I am watching to see if we get a quick dip back to one point five to fill some orders before the next leg up. It is looking like a solid trend reversal is starting to form here
#USPlansMultinationalEscortForHormuz