$DOT Analysis

📊 1D Timeframe Update

🔹 Price attempted a breakout but is now retesting the upper boundary of the descending channel.

🔹 Key support: $4.26 – Holding above this level keeps the breakout valid.

🔹 Rejection from resistance: Price faced selling pressure at $4.75, leading to the current pullback.

📈 Bullish Confirmation

✅ Holding $4.26 could validate the breakout and push toward $5.17 → $6.36.

✅ Strong confirmation if price reclaims $4.75+.

⚠️ Bearish Scenario

❌ Falling below $4.26 brings back downside risk, potentially targeting $3.42 → $2.90.

❌ Breakdown would confirm a failed breakout and continuation of the downtrend.

🔍 Final Thoughts

Watching $4.26 closely! Bulls need to defend this level to sustain momentum. 🚦