$DOT
📉 DOT/USDT – Daily Chart Analysis
🔻 Current Price: $2.13
DOT is showing strong bearish momentum on the daily timeframe.
📌 Trend Overview
DOT is in a clear downtrend on the 1D timeframe.
Price has been making lower highs and lower lows.
The main descending trendline (teal color) is still intact ➝ sellers remain in control.
📊 Pivot Levels (Daily)
Resistance Levels
R1: $3.103
R2: $3.997
R3: $4.460
These are all far above current price, showing DOT is in a bearish zone.
Support Levels
S1: $1.746
S2: $1.283
S3: $0.389
The nearest important support is S1 at $1.74.
📉 Candle & Structure Analysis
DOT tried to bounce recently but failed around $2.50.
The last daily candle is strong bearish, rejecting upward move.
Volume is not increasing on buying candles → buyers are weak.
❗ Key Zone
$2.00 – $2.13 = Critical zone
If DOT breaks below $2, it may fall straight to:
$1.85
$1.75 (S1)
⛔ Bearish Outlook (More likely now)
If DOT closes below $2.10 – $2.00:
➡️ Expect drop toward:
$1.90 → $1.75
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✅ Bullish Scenario (Only if…)
DOT becomes bullish ONLY if it breaks and closes above:
$2.60 – $2.65
Then it may target:
➡️ $3.10 (R1)
But currently this scenario is weak.
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🎯 Summary
Trend: Bearish
Momentum: Selling pressure increasing
Immediate Support: $2.00 → $1.90 → $1.75
Immediate Resistance: $2.50 → $2.65
Daily Timeframe still negative
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