๐ DOT/USD: Is the Bottom In? Bulls Watching Reversal Zone Closely! ๐๐ฅ*
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๐ *Current Price:* *3.342* (โ5.48
Polkadot (DOT) is catching fresh attention as price action hints at a potential reversal from recent lows. Traders are watching key levels closely as technical patterns begin to turn bullish ๐๐
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๐ *Whatโs Happening on the Chart?*
- ๐ *Triple/Double Bottom Forming:* Price has bounced multiple times around3.47โ3.60 โ a classic sign that sellers may be losing steam
- ๐ *Falling Channel Breakout:* DOT has dipped 224.55 peak but is now showing signs of breaking out of a descending channel
- ๐งฑ *Strong Buy Zone:* Buyers historically step in around 3.75โ3.80, with 3.95โ4.00 acting as the key psychological level
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๐ *Trending Signals:*
- RSI recovering from oversold = potential bounce setup ๐
- MACD nearing bullish crossover on lower timeframes ๐
- Volume uptick near support zone = growing interest ๐ฅ
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๐ฏ *Targets to Watch:*
- *TP1:* 3.75 (near-term bounce)
- *TP2:*4.00 (key resistance reclaim)
- *TP3:* 4.25 (if breakout gains momentum)
- *Support Zone:*3.47โ3.60
- *Stop-Loss:* Below3.30 (if structure breaks down)
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๐ฎ *Prediction & Analysis:*
If DOT can hold above the 3.47โ3.60 support zone, bulls could push for a move back toward 4.00+. Breaking above that opens the door to4.25+. But a drop below $3.30 might delay any bounce โ so caution is key ๐ง โ ๏ธ
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๐ฅ *Eyes on volume and RSI โ if momentum builds from here, DOT could surprise to the upside!*
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