$DOT Price Rebound Ahead? Chart Signals Move Toward $4.10

Over the past week, $DOT has declined by 5.09%, impacted by broader market volatility. For the last couple of weeks, the price has been consolidating without a clear trend. However, some analysts suggest that a short-term recovery may be on the horizon.

🔍 Technical Outlook:

On the 4-hour timeframe, DOT has been forming a rising channel since mid-May. Currently, the price is hovering near the lower boundary of this channel around $3.74, acting as key support. As long as the price holds above this level, there’s potential for an upward push toward $4.10, the upper resistance of the channel. A breakout beyond that could lead to a test of $4.40 in the near term. But if support at $3.74 fails, price may dip toward $3.50.

📊 Market Activity:

Current Price: $3.82

24h High: $4.078

24h Low: $3.742

24h Volume: 6.19M DOT / 24.40M USDT

Despite today's small recovery, daily volume remains relatively modest, suggesting cautious market behavior. Still, longer-term investors see this pullback—nearly 30% off the recent high—as a possible buying opportunity.

📰 Recent News:

No major fundamental news has been released, but with the crypto market still in an active cycle, analysts remain optimistic that DOT may resume its upward trend, especially if Bitcoin and broader altcoins stabilize.

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