DOT has been getting interesting lately. The 30-minute trading volume suddenly surged by 59.3%, and such abnormal volume movements usually don't happen without reason.



Currently, the price is around 1.807 USDT. Looking downward, the recent support level is around 1.797, just 0.77% below the current price, and there is also a support zone between 1.791 and 1.798. Honestly, this position is a critical defensive line—if the volume can sustain, it is very likely to become the starting point for a rebound.

From a trading perspective, you might consider placing a long position around 1.797, with a take profit targeting the resistance level at 1.841, offering a decent risk-reward ratio. What does such a sharp increase in trading volume usually indicate? The market might be brewing a new trend. The performance of the next few candlesticks will be crucial, and it's worth closely monitoring DOT's subsequent movements.
DOT-2,51%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
MidnightSellervip
· 9h ago
The volume suddenly surged, this wave of DOT is active, gotta keep an eye on the 1.797 level.
View OriginalReply0
SillyWhalevip
· 9h ago
The biggest fear when trading volume surges is a reverse dump. I pray I don't end up buying the bottom and ending up with "picking vegetables" instead.
View OriginalReply0
NftRegretMachinevip
· 9h ago
The surge is really intense, I can barely keep up.
View OriginalReply0
zkProofGremlinvip
· 9h ago
With such a strong surge in volume, it feels like someone is accumulating... Let's see if the 1.797 level can hold.
View OriginalReply0
AirdropBuffetvip
· 9h ago
I've seen many cases of trading volume surges, but the 59.3% increase definitely warrants some attention.
View OriginalReply0
Token_Sherpavip
· 9h ago
nah volume spike doesn't automatically mean anything's brewing tbh... seen this movie too many times, usually just liquidation cascade or some whale's exit strategy dressed up as "market momentum"
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)