Additionally, data from the intelligence platform Santiment, showed that DOT’s volume wasn’t at its best. For the better part of the last three months, DOT’s volume laid low and only managed to touch a few peaks.
Furthermore, DOT’s development activity also witnessed some highs and lows, but at press time, witnessed a downfall. DOT’s development activity stood at 61.05 which was a drop from the previous day. A fall in the development activity indicated that developers weren’t contributing much toward the development of the chain.Although DOT’s price action wandered in the green, its indicators were far from recovery.
However, DOT’s Relative Strength Index may turn things around for the altcoin. Although DOT’s RSI stayed below the neutral line at 46.21, a change in direction could be on the cards. The upward stance of the RSI was an indication of recovering buying pressure.To add to the aforementioned sentiment, DOT’s Money Flow Index also showed some recovery and witnessed an uptick. This could be an indication that DOT could witness some recovery but only if the buying pressure regained strength.
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