DOT/USD - Chilling on $40 support line. Can it pump? 🤔

DOT has had quite a severe correction after reaching its current ATH at $55. It dropped 32%.

Now that we have found a good support level at around $40, DOT has a new chance to pump.

The indicators are bearish on the daily timeframe, but this can change quickly, particularly if on lower timeframes like 4-hour, the indicators can curve back up.

So long we hold above $40, DOT has a good chance to break above the resistance at $43.

Bias is neutral right now, but it will flip bullish the longer we sit above support.

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