$DOT is showing strength on the weekly timeframe, with a potential 25% move toward the 5.05 level from the current price.
However, caution is warranted—if the broader market turns bearish, keep an eye on the 3.770 – 3.970 support zone.
If this level holds, there’s still a chance for recovery and growth. But any breakdown below it should not be taken lightly.
Wait for confirmation, as a few weeks ago #dot dipped below this zone in what turned out to be a fake breakout, trapping many traders.
For clarity, resistances are also marked in the image.
- First resistance: 4.344 – 4.380
- Second resistance: 4.580 – 4.635
- Third resistance (and potential target): 4.995 – 5.200