๐ฅ DOT Price Analysis: Bounce or Breakdown? Here's Whatโs Coming Next! ๐๐
Polkadot ($DOT) is dancing on a tightrope, and the market is watching closely ๐
Letโs break down whatโs happening and where it might go next๐
๐ Current Price: $4.50
๐ Trend: Bearish since early 2025 (lower highs, lower lows)
๐ก๏ธ Strong Support Zone:
$3.189 โ $3.847 ๐ฉ
DOT has bounced from this level multiple times (May to July). Itโs the last defense before a deep fall.
๐ง Resistance Ahead:
๐น $4.760 โ First gate
๐น $5.000 โ Psychological level
๐น $5.393 โ If broken, bulls may gain serious momentum
๐ Bullish Possibility:
If DOT holds above $3.847, a rebound toward:
โก๏ธ $4.760 โก๏ธ $5.000 โก๏ธ $5.393
A breakout above $5.393 could signal a trend reversal ๐
๐ Neutral Scenario:
Sideways movement between $3.5 - $5.0 = accumulation zone ๐ฆ
Wait-and-watch strategy might work best here ๐
โ ๏ธ Bearish Alert:
Break below $3.847? DOT might visit:
๐ป $3.189
Below that? New lows could be in sight ๐ณ๏ธ
๐ฏ Key Levels to Watch:
Support: $3.847 / $3.189
Resistance: $4.760 / $5.393
๐ Volume Spike = Strong Confirmation