DOT is about to complete a long-term consolidation and bottoming phase on the weekly chart. The $3.5 – $4.0 range is a critical support zone. A strong breakout from this level could bring $7 first, followed by a $16 target. The MACD indicator supports the bullish signal. However, if there is a weekly close below $3.5, the scenario breaks down and new lows may appear.
Stop-Loss: A weekly close below $3.30 USDT → scenario invalidates.
First target: $5.
In the past, ETH and DOT have risen and fallen almost simultaneously, but recently the gap between them has reached up to 70%. Therefore, even with a 70% difference under today’s conditions, DOT should be around $16
