Buyers will have to propel Bitcoin above $28,000 to signal a potential change in the short-term trend.
DOT/USDT daily chart. Source: TradingView
If bears want to prevent this fall, they will have to quickly drive the price above the 20-day EMA . If they do that, the DOT/USDT pair could rise to the 50-day SMA and thereafter rally to the downtrend line. Buyers will have to overcome this resistance to indicate that the correction may be over.) turned down from the overhead resistance of $96 on May 18 but a positive sign is that the bulls did not allow the price to slip below the 50-day SMA .
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