$DOT Weak Rebound – Downtrend Resuming?

$DOT dropped sharply from $4.002 to $3.750, rebounding slightly to $3.850 with a -2.92% daily change. The 15m candlesticks show overwhelming red dominance, and the minor green close lacks conviction, supported by declining moving averages signaling bearish bias.

Trade Setup (Short):

• Entry Zone: $3.85 – $3.90

• Stop Loss: Above $3.95

• TP1: $3.750

• TP2: $3.650

• TP3: $3.550 (extended target)

Market Insight:

Tether's RGB-powered USDT on Bitcoin is poised to capture market share from competing L1 blockchains like Polkadot, exacerbating the sell-off. High volume on the drop suggests accumulation of shorts; staying below $3.95 keeps the bears in charge. Watch for a failed bounce in the coming hours.

Buy and Trade $DOT here👇🏻

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