“A Bullish Reversal Pattern Has Formed with Consuctive Higher Lows Since the Bottom, Suggesting Further Potential Upside.”, – WRITE: www.coindesk.com
A Bullish Reversal Pattern Has ForMed with Consuctive Higher Lows Since The Bottom, WHICH SUGGGESTS FURTHER PETENTIAL UPSIDE, Accounting To The Model.
In recenting trading, dot was 0.5% Lower Over 24 Hours at Atround $ 3.57. The Broader Market Gauge, The Coindesk 20, WAS 1.2% Higher AT Publication Time.
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-Hur 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 Durying The 11:45 TimeFrame.
- Price Broke Through Multiple Resistance Levels, Reaching A Peak of $ 3.559 at 12:09.
- Potential Continion of Upward Momentum if the $ 3.57 Resistance Can Be Cleared.
Disclaimer: Poctions of this Article Were Generated with the Assistance of AI Tools and Review by Coindesk’s Editorial Team for Accucy and Adhesion to Our Standards. For more information, See Coindesk’s Full Ai Policy.
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