๐ DOT Ready for a Breakout? ๐๐ฅ Accumulation at Key Support Zone! ๐ก๏ธ๐
Polkadot ($DOT) is currently trading near the lower boundary of a long-term parallel channel on the weekly timeframe ๐
Hereโs what the chart is telling us:
๐ Key Observations:
โ Strong buying pressure is building up in this critical demand zone
โ Increased volume indicates potential smart money accumulation
โ Holding this support could trigger a strong bullish reversal!
๐ฏ Potential Upside Targets:
๐ธ $6.10 โ First bounce target
๐ธ $7.90 โ Mid-channel resistance
๐ธ $11.00 โ Breakout confirmation zone
๐ธ $16.00 โ Major resistance from past highs
๐ฅ Why This Matters:
Polkadot is a top-tier Layer-0 protocol with expanding utility and parachain ecosystem.
When support + volume + structure align = explosive opportunity ahead!
#cryptouniverseofficial #USHouseMarketStructureDraft #FOMCMeeting $DOT