DOT Price Squeeze Imminent as Smart Money Traders Load Up
DOT price has been coiling around $0.79, but futures traders are running a 70/30 long bias and taker buy pressure is high at 1.47x.
The momentum has flatlined into a dead MACD read, and the SMA 200 sits at $1.15, nearly 32% above DOT's current price.
Smart money traders are showing a 70/30 long bias on Binance futures, which is not typical of a breakdown scenario.
The immediate setup is bullish, with short-term moving averages stacking bullishly and the MACD histogram zeroed out.