Be wary of anyone suggesting there will be any type of significant reversal in the short term. DOT has a lot of way down, before a significant shift back up.
The daily RSI still shows plenty of room to sell and if we mark the weekly averages (pre crypto boom) it would suggest a price between $7 to $8 per coin on DOT.
Without any significant changes, this project will need to continue its downward trend until it humbles itself with where it organically should have grown.
It's time to understand the market is beginning to become wise to having been overvalued.
The daily RSI still shows plenty of room to sell and if we mark the weekly averages (pre crypto boom) it would suggest a price between $7 to $8 per coin on DOT.
Without any significant changes, this project will need to continue its downward trend until it humbles itself with where it organically should have grown.
It's time to understand the market is beginning to become wise to having been overvalued.
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