DOT is showing bullish momentum, trading at 5.13 USD after a 12.13% increase in the past week. The ascending triangle pattern implies a potential breakout, with immediate resistance at 5.293 USD and support at 5.085 USD.
Market analysis reveals ongoing accumulation, with the Bull Bear Power indicator highlighting buyer dominance. The latest data shows a BBP reading of 0.010, signaling that buyers remain in control of the market.
Derivative traders are placing long bets, reflected in a positive funding rate of 0.0050%. This indicates strong bullish sentiment, suggesting that DOT could experience a significant price rally in the near future.