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Is $DOT finally deciding to wake up or is this just another trap?
Looking at the daily chart, we have some interesting movements. It’s been chopping around this 1.53 area after a decent little bounce from the 1.25 lows. The bulls are showing some strength in the order book right now, holding about 56\% of the weight, which is a good sign for a potential push higher.
Resistance is sitting pretty clear around 1.64. If we can flip that level, things might actually get exciting. For now, it’s just consolidating. Volume is okay at 8.29M in USDT, but we need more fuel to break this range.
I’m watching the 1.44 support closely. As long as we stay above that, the recovery play is still on the table.
#MetaAnnouncesAcquisitionOfMoltbook