Update on the Analysis of DOT

$DOT has dropped to the 20th spot in the CoinMarketCap ranking and is positioned at the lower part of the accumulation zone we marked months ago. Despite the market's volatility, DOT’s price remains in the same zone as in the last analysis, which shows that investors are not panic-selling.

In previous analyses, we mentioned that DOT had not yet erased the November rally as other altcoins did, and we suggested placing a buy order at $3.7 in case DOT returned to those levels. This reinforces the idea that DOT investors maintain their confidence in the long term.

This is my analysis. Do your own and, if you are afraid, use a stop-loss. We had pointed out that DOT had a pattern similar to #icp and #AVAX , cryptos that, despite the bearish market, have not yet broken their accumulation range. DOT is in one of the best zones for accumulation. If you don't buy DOT at these levels, then when do you plan to buy? Be cautious, never spend all your liquidity at once; stagger your entries or use strategies such as DCA (Dollar Cost Averaging).

We continue to state that, in the coming months, DOT should aim to reach the upper part of the range in the $7.9 zone.