DOT: Trading in a Range – What’s Next?
2025-02-07
Category: None

The chart shows that Polkadot (DOT) has been trading within a defined range between $3.76 – $11.34 for a long time.

🔻 Resistance Level: ~$11.34 – the price has bounced off this level multiple times.
🟢 Support Level: ~$3.76 – a historically strong zone where demand appears.

📊 What Could Happen Next?
DOT is currently testing the support zone again. If it holds, we might see a rebound towards $11.34. Otherwise, a breakdown below this level is possible.

⚠️ Strategy:
1️⃣ Monitor the price reaction in the $3.76 – $4.85 zone.
2️⃣ If a rebound is confirmed, the potential upside target is $11.34.
3️⃣ If support fails, a deeper correction could follow.