DOT on the edge — Is it time for an explosion or fading away? ⚡️📉📈
Polkadot (DOT) is currently trading around $3.81 (-1.39%), amidst a calm that may hide a significant movement ahead.
🔎 What is happening?
The chart reveals that DOT is moving within a quiet accumulation phase, confined within a strong demand block that aligns with:
Daily demand
Fibonacci levels
Points of control from the volume profile (POC)
Each layer of the "technical cake" appears consistent: entry near the bottom of the block, stop loss just below it, and taking profits at the daily supply area where Fibonacci targets meet another point of control.
⚠️ But…
Any breakout above the supply area could ignite a strong entry from the bulls quickly.
Conversely, failure to defend these levels may lead to a final fade.
📌 Summary:
DOT is at a critical crossroads. Market makers are the ones writing the next chapter:
Will they spark the final wave upward? Or will they let DOT fade away quietly?
🚀 or 🕯️ — the decision is about to be made.