#DOTUSD
Triple Triangle Pattern Suggests Big DOT Breakout Ahead
Current Price: $4.295 (+1.44%)
The DOTUSDT chart on the weekly timeframe shows something interesting. There’s a strong support level around $3.565, which DOT has bounced off four times since October 2023. Every time, it formed a triangle pattern before making a move up.
What’s Happening?
Strong Support at $3.565
DOT hit this level four times:
Oct 16, 2023
Nov 4, 2024
Apr 7, 2025
Most recently in late April 2025
Each time, DOT bounced back up, showing strong buying interest here.
Triangle Patterns Forming
First triangle: Oct 2023 – Mar 2024
Second triangle: Nov 2024 – Feb 2025
Third triangle: Now forming
These patterns point to a trend where DOT builds up energy and then breaks out.
Big Resistance at $11.705
This price stopped DOT’s last two triangle rallies.
It could be the next target if the current pattern plays out again.
Momentum Looks Bullish
DOT just bounced again from support.
If history repeats, we could see another move toward $11.70.
Trade Setup (Based on Chart)
Buy Zone: Around $4.326
Stop Loss: Below support at $3.293
Target: $11.705
Risk/Reward:
Potential Gain: +140%
Potential Loss: -24%
Ratio: 1:6 (high reward for the risk taken)
Final Thoughts
DOT has a history of bouncing off $3.565 and forming triangles before rallying. We may be seeing the third setup now. If it plays out like the last two, a breakout toward $11.70 is possible. It’s a setup worth watching for swing traders.
