Fluctuation Range
$DOT has been hovering between $4-8 for over a year and is now attempting to break through the upper range. The previous 'Accumulation Zone' is also marked in the chart, roughly in the range of $3.7-7.8.
Current Resistance
The most critical resistance level now is $11.7. If it can break through this point, it may initiate a wave of upward momentum.
First Phase Target
After breaking through $11.7, the short-term target will be $23.41, which is a very important focus moving forward.
Upward Path Prediction
The chart indicates potential trends marked by waves, expecting that after reaching the $23 target, there will be a phase of adjustment before continuing to push towards higher targets.
Long-term Trend
If everything goes smoothly, after breaking through $23, the next high point may see $45-50, which is the potential endpoint of the fifth wave phase.
Summary:
The key in the short term is whether it can break through the $11.7 resistance; after the breakthrough, one should closely watch the $23 target. If it does not break through, it may retrace to test the support area of $3.7-7.8. From a long-term perspective, $DOT still has significant upward potential, but there may be multiple fluctuations and adjustments during the upward process.
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