$DOT Pattern Analysis & Signal:

At first glance, the chart appears to be forming a double bottom pattern — here’s why:

The price dropped to $3.741, bounced, and returned to the same level again.

This level has been tested twice, indicating a potential support zone.

The pattern resembles a "W" shape, which is typical of a double bottom — a bullish reversal signal, especially after a downtrend.

✅ Is It Fully Formed?

Not yet. For a double bottom to be confirmed:

1. You need two clear bottoms at nearly the same price (✔️ already visible here at $3.741).

2. Then, the price must break above the neckline — which would be near $3.810 to $3.849 (the recent swing high between the two bottoms).

3. A breakout above that zone with strong volume = confirmation of bullish reversal.

📈 Will Market Turn Bullish or Bearish?

Here are two possible outcomes:

🟢 Bullish Scenario (more likely if neckline breaks):

If the price breaks above $3.810–$3.849, it confirms the double bottom.

Expect a potential move to $3.88–$3.92 or even higher short-term.

🔴 Bearish Scenario (if support breaks):

If DOT/USDT falls below $3.727 (24h low) and especially below $3.741, the support breaks.

Then it turns into a bearish continuation, possibly heading towards $3.70 or lower.

📊 Additional Notes:

Order book sentiment shows:

🔴 Shorts: 57.09%

🟢 Longs: 42.91%

→ This indicates more traders are shorting right now (slight bearish pressure).

✅ Final Conclusion:

Pattern Name: Potential Double Bottom

Formed Completely? ❌ Not yet. Needs neckline breakout.

Bias:

⚠️ Neutral-to-bullish as long as $3.741 holds.

🔄 Wait for confirmation above $3.81–$3.85 to go long.

❌ If breaks below $3.727, expect further bearish move.