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DOT has experienced a significant increase in trading activity in the past half hour, with trading volume soaring by over 122%. Such abnormal volume expansion usually indicates active market participation, and the subsequent trend is worth watching.
Currently, DOT is fluctuating around 1.731 USDT. From a technical perspective, the 1.722 level forms an important support, only 0.23% away from the current price, making it a relatively close technical support point. The entire support zone ranges from 1.714 to 1.722. When the price reaches this area, it often tends to rebound.
Considering the abnormal trading volume, the opportunity for a long position is relatively clear. You can consider placing a buy order near 1.722, with resistance set at 1.778 as the profit target. The sharp increase in volume is often a precursor to a market move, and DOT's upcoming performance is indeed worth close observation.