🚨 Polkadot (DOT) Market Update – Can Bulls Take Control? 🚨
📊 DOT Bounces Off Key Support – But Is It Enough?
Polkadot recently saw a 30% bounce from the $3.60 support level, an area that has held strong since 2023. However, despite this short-term move, DOT remains range-bound between $3.60 (support) and $12.15 (resistance).
🔍 Key Levels to Watch:
🔹 Support Zones: $4.19, $4.06, and $3.89 – crucial for confirming a stable bounce.
🔹 Resistance Levels: $4.40 - $4.45 – must break for a stronger bullish case.
🔹 Bullish Trigger: A clear break above $4.45 could indicate a more substantial reversal.
⚠️ Market Context:
✅ Potential Five-Wave Move Up – A possible early sign of bullish momentum.
⚠️ Range-bound Structure – No clear larger uptrend yet.
📉 Possible Retest of $4.06 - $4.19 before a confirmed breakout.
📌 What’s Next for DOT?
🚀 A break above $4.45 = stronger case for bulls.
📉 A failure at resistance = more downside risk.
💬 Are you bullish or waiting for a confirmation breakout? Drop your thoughts below! 👇
