Overview (06.16.2026) #DOT
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$DOT The price is trading around 1.003 after bouncing back to the psychological level of 1.00, achieved thanks to a strong rebound from the support of the descending channel around 0.88. The price has been sticking to this descending channel structure since March, and the recent capitulation at the lower boundary of the channel led to a sharp recovery.
The return to the 1.00 level is a significant structural signal after several weeks of relentless selling pressure.
Sustaining above 1.00 keeps the bullish momentum alive and opens the path for further movement towards the resistance of the descending channel around 1.20–1.30. A repeated loss of the 0.95 level nullifies the recovery and opens the way for a retest of the channel low at 0.88.
The broader structure remains bearish until DOT confidently breaks out of the descending channel.
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$DOT The price is trading around 1.003 after bouncing back to the psychological level of 1.00, achieved thanks to a strong rebound from the support of the descending channel around 0.88. The price has been sticking to this descending channel structure since March, and the recent capitulation at the lower boundary of the channel led to a sharp recovery.
The return to the 1.00 level is a significant structural signal after several weeks of relentless selling pressure.
Sustaining above 1.00 keeps the bullish momentum alive and opens the path for further movement towards the resistance of the descending channel around 1.20–1.30. A repeated loss of the 0.95 level nullifies the recovery and opens the way for a retest of the channel low at 0.88.
The broader structure remains bearish until DOT confidently breaks out of the descending channel.