Currently, $DOT is trading at $5.70, indicating a bearish trend in the market.
Based on the chart analysis, it is expected to reach the $5 target in the coming days.
It is essential to keep in mind that the support level for $DOT is at $5.61, and if it breaks, the price may drop below $5.
However, $DOT has strong potential for long-term growth, and investors should try to accumulate it during significant dips in the market.
The following support and resistance levels should be monitored:
Support: $5.61/$5.11
Resistance: $6.15
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