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DOT

DOT Poised for a Breakout: Key Levels and Price Recovery OutlookHello, Traders! After reaching its highest point since last March, DOT price entered a correction phase, dropping over 40% from its recent peak. However, it's showing signs of recovery and is currently trading above the $7 price level. At this stage, it's highly probable that DOT has established a local bottom at the $6 level, making it unlikely that the price will drop below this support area under current market conditions. Looking ahead, there are two key resistance levels to monitor at $8 and $9. Breaking through these levels could open the door for a significant rally, with the potential to push DOT above the $12 mark — a price point not seen since 2022. From a mid-term perspective, DOT continues to exhibit bullish tendencies, supported by improving market sentiment and increasing interest in the broader Polkadot ecosystem. As development activity and adoption grow, it's only a matter of time before the price begins to climb again. Please don’t forget to boost this idea and leave your comments below.
by Real_CryptoRoy
Will #DOT Break Free or Get Caught in a Bearish Trap? Key LevelsYello, Paradisers! #DOTUSDT is gearing up for a major move, but will it be a breakout to new highs or a collapse to lower levels? Let’s dive into the current setup of #Polkadot: 💎#DOT is trading within a falling wedge formation, a classic bullish reversal pattern often seen before significant price surges. Over the last few weeks, we’ve seen multiple liquidity sweeps at lower levels, where impatient traders got shaken out. These sweeps usually hint at a potential breakout, but confirmation is still key before making any decisive moves. 💎#DOTUSD faces strong resistance near $8.00, which aligns with the upper boundary of the falling wedge. For bulls to take control, the price must close above this level on the 8-hour timeframe. A breakout here could trigger a powerful rally toward the $11.00–$11.5 major resistance zone, where sellers are likely to step in. 💎The first significant support level sits at $6.41, an area where buyers have consistently entered the market. If this zone holds, it could serve as a springboard for the next upward move. If #Polkadot closes below $6.41, the next major support lies between $5.80–$5.34. 💎A close below $5.34 would signal a breakdown of bullish momentum, increasing the likelihood of a prolonged bearish phase. The bears will take control of the price movement and it will fall to lower support levels. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
DOT/USDT 1D chart reviewHello everyone, let's look at the 1D DOT to USDT chart, in this situation we can see how the price is moving in a local uptrend channel where the price is moving at its lower boundary. Let's start, however, by defining the goals for the near future that the price must face: T1 = $7 T2 = $7.35 T3 = $7.92 T4 = $8.86 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $6.47 SL2 = $6.24 SL3 = $5.86 SL4 = $5.58 Looking at the STOCH indicator, we can see that we are moving along the lower boundary, which may indicate an upcoming upward movement in price.
Long
by cryptodailyuk
DOT's bearish movementBINANCE:DOTUSDT DOT is going to decrease, cause we can see a bearish pattern(Inverse head and shoulder) pattern on it I expect it to decrease to the shown support zone. ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Long
by CRYPTONIC_trend
2
Polkadot is aiming for $20Polkadot is quite old and large asset with capitalisation already exceeding $10B. It is one of the few that has not yet shown significant growth like XRP, XLM and other old guys. It is quite difficult to move such an asset, but the target of around $20 is quite realistic. On the daily timeframe there is a consolidation above 50 EMA, we saw a test pump. The growth will start during these two months and then the distribution phase. The 0.5 and 0.618 levels are not bad options to fix your positions. Horban Brothers.
Long
by horbanbrothers
DOT 1hr with TA by GrokAI Given the chart provided and your interest in cryptocurrency trading, here's an in-depth technical analysis (TA) of the DOT/USDT chart: Price Action & Trend: The price is currently near a resistance level around 7,732 USDT. This level has been tested multiple times, indicating strong resistance. There's a visible uptrend before hitting this resistance, suggesting bullish momentum leading up to this point. Moving Averages (MA): The 20-period SMA (Simple Moving Average) is above the 50-period SMA, which is typically a bullish sign, indicating short-term momentum is stronger than the long-term trend. The price has crossed below the 20-period SMA, which might suggest a potential reversal or correction phase if the resistance at 7,732 holds. Volume: There's a noticeable increase in volume at the resistance level, which could indicate either a strong push to break through or a rejection at this price level. Relative Strength Index (RSI): The RSI is approaching overbought territory but hasn't crossed into it yet. This suggests that while the asset is gaining strength, it's not yet at a level where a significant pullback is imminent due to overbought conditions. Chande Momentum Oscillator (CMO): The CMO shows momentum is positive but has started to decline, which could be early signs of weakening bullish momentum. Fibonacci Retracement: If we consider the recent uptrend from the low around 7,112 to the high at 7,732, the Fibonacci levels could be: 23.6% at around 7,270 38.2% at around 7,380 50% at around 7,422 (which is also a psychological level) 61.8% at around 7,464 These levels could act as support if the price pulls back from the current resistance. Support and Resistance: Immediate support could be found around the 20-period SMA, which is currently around 7,700 and descending. Stronger support might be around the 50-period SMA, which is lower, around 7,650. Potential Scenarios: Bullish Scenario: If the price breaks above the 7,732 resistance with strong volume, it could target the next psychological level around 7,800 or higher. Bearish Scenario: If the price fails to break the resistance and volume decreases, we might see a correction towards the Fibonacci levels or the moving averages. Given your interest in cryptocurrencies and previous posts about market movements, it's crucial to watch for confirmation of a breakout or breakdown. If you're looking to make a decision based on this chart: For Long Positions: Consider waiting for a confirmed breakout above 7,732 with increased volume for a safer entry point. For Short Positions: Look for a failure to break the resistance followed by a decrease in volume and price action confirming a move lower. Always remember to use stop-loss orders to manage risk, especially in markets known for volatility like cryptocurrencies.
Long
by jasonciviello
TradeCityPro | DOT: Navigating the Range and Potential Breakouts👋 Welcome to TradeCity Pro! In this analysis, I will review the DOT token. This project is one of the well-known crypto projects and has consistently ranked among the top 20 on CoinMarketCap. 📅 Daily Timeframe: Rejected from the Range Top In the daily timeframe, we observe a prolonged range box, which is more visible in the weekly timeframe. This range extends from the bottom at $3.743 to the top at $10.801. 🔍 Currently, after the price reached the top of the range, it has entered a corrective phase and retraced to the 0.5 Fibonacci level, establishing support at $6.554. If further corrections occur, the next supports will be at the 0.618 Fibonacci level and $4.847. In the event of a more significant drop, the last support will be at $3.743. 📊 Market volume has been decreasing during this corrective phase, and therefore, I won't provide a short trigger for now. I'll wait for market indicators like TOTAL to confirm a trend reversal. 📈 For long positions, the best trigger is currently the $10.801 level, which is the top of the range. A riskier long trigger would be breaking $8.432. The first resistance the price will encounter after breaking these levels is at $16.116. Breaking 55.29 on RSI will also help add momentum to the market's upward movement. ⏳ 4-Hour Timeframe: More Details In this timeframe, we can observe the corrective phase with greater detail to find better triggers for futures positions. 🧩 Here, a descending trendline can be seen, which broke after the price was supported at $6.554. 🔑 The trendline breakout trigger is at $7.865. Since this is a continuation trend, breaking the trendline trigger is considered significant. The target for this position is the $10.801 resistance, and the RSI entering the overbought zone will greatly aid the price movement toward this level. 🔽 If the $6.554 support is broken, the next support levels will be at $5.506 and $4.763. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
9
1hr DOT chart TA by GrokAI This chart is a technical analysis of the Polkadot (DOT) price on the Binance exchange, using the Tether US (USDT) as the trading pair. Here's a breakdown of the key elements shown: Candlestick Chart: The main part of the chart shows the price movement of DOT over time. Each candlestick represents one day. The recent price action shows a significant upward movement, followed by a sharp decline. Fibonacci Retracement Levels: The horizontal lines with percentages (0.236, 0.382, etc.) are Fibonacci retracement levels. These levels are used to identify potential support and resistance levels. The price has retraced to around the 0.5 level after the recent peak. Volume: The bars at the bottom of the candlestick chart represent the trading volume. Higher volume during the price increase suggests strong buying interest, while the volume during the decline indicates selling pressure. MACD Indicator: Below the price chart, there's the Moving Average Convergence Divergence (MACD) indicator. It consists of: MACD Line (blue): The difference between the 12-day and 26-day EMA of the price. Signal Line (orange): A 9-day EMA of the MACD line. Histogram: The difference between the MACD and signal lines. The MACD crossing below the signal line can be a bearish signal, suggesting potential for further price decline. Analysis: The recent price spike followed by a sharp decline might indicate a correction after a bullish run. The price has retraced to around the 0.5 Fibonacci level, which could act as a support level if the price finds stability here. The volume increase during the price rise and subsequent fall suggests strong market reactions, both in buying and selling. The MACD indicator has turned bearish with the MACD line crossing below the signal line, which might suggest that the downward trend could continue unless there's a significant buying volume that pushes the price back up. Conclusion: Short-term Outlook: The price might test lower Fibonacci levels (0.618 or lower) if the bearish momentum continues. Watch for any bullish divergence in the MACD or a significant increase in buying volume for signs of a reversal. Long-term Outlook: If the price holds above the 0.618 Fibonacci level and there's a bullish crossover in the MACD, it could indicate a potential for another upward move. Remember, technical analysis should be combined with other forms of analysis (like fundamental analysis) for more accurate predictions. Also, market conditions can change rapidly, so it's essential to keep an eye on real-time data and news related to Polkadot or broader market trends.
Long
by jasonciviello
Dot Target why 20$ KUCOIN:DOTUSDT BINANCE:DOTUSDT BINANCE:DOTUSDT.P CRYPTOCAP:DOT --- ### **1. Fibonacci Retracement Analysis** - **Levels Observed**: - **0% (High)**: **55.081** (all-time high or recent significant high). - **0.236**: **42.594**. - **0.5**: **28.625** (midpoint of retracement). - **0.618**: **22.381**. - **0.65**: **20.688** (golden pocket). - **0.786**: **13.491**. - **1.0 (Low)**: **2.168** (all-time low or recent significant low). --- ### **2. Current Price** - The price is currently around **7.790**, significantly lower than the golden pocket (0.618–0.65) and closer to the lower Fibonacci levels. --- ### **3. Take-Profit Level at $20** - **Why $20?** - **Golden Pocket Zone**: The **0.618–0.65 Fibonacci zone** is considered a high-probability reversal area. Many traders set their take-profit just below this zone to ensure profit capture before significant resistance is encountered. - **Psychological Level**: The $20 price point serves as a psychological resistance, where many traders might exit, amplifying sell pressure. - **Confluence with Historical Data**: Previous price action near this level likely showed significant resistance/support, aligning with Fibonacci levels. --- ### **4. Resistance and Support Zones** - **Major Resistance Levels**: - **22.381–20.688**: The golden pocket and primary target zone. - **28.625**: Midpoint retracement, another key resistance level. - **Support Levels**: - **13.491**: **0.786 Fibonacci level**, which may act as a strong base for further upward momentum. - **2.168**: All-time low or significant recent low. --- ### **5. Potential Price Scenarios** - **Bullish Case**: - If the price breaks through **13.491**, it could rally toward the golden pocket zone near **20.688–22.381**. - A breakout beyond **22.381** could extend the rally toward **28.625** or even higher. - **Bearish Case**: - If the price fails to hold **13.491**, it may revisit lower levels, potentially near the all-time low of **2.168**. --- ### **6. Strategy and Recommendations** - **Entry Point**: - Current prices near **7.790** are ideal if the upward trend continues. - **Take-Profit**: - The take-profit at **$20** is conservative and aligns with the golden pocket zone. - **Stop-Loss**: - Set below **13.491** to minimize losses if the trend reverses. --- ### **7. Market Psychology** - Many traders use Fibonacci retracement levels to define take-profits. The golden pocket is a popular area where selling pressure increases, causing potential reversals.
Long
by YokubjonUmedovich
Best Buy in DOT📊 DOT/USDT Analysis 🔹 The price remains in a short-term downtrend, currently testing the dynamic resistance of the descending trendline. 🔹 The EMA50 ($7.26) is acting as strong resistance, and breaking above it could trigger a bullish wave. 🔹 Key support lies in the $6.11 - $6.90 range, and losing this zone might lead to further downside risk. 🔹 If resistance levels are broken, the next target could be the $10.42 range. 🚀 📈 RSI Indicator suggests reduced selling pressure and a potential trend reversal. 💡 What do you think of this analysis? Is DOT ready for a breakout? 🤔
Long
by ehsancrypto72
2
PolkaDot DOT Has Just Flashed Insane Long Signal!Hello, Skyrexians! Recently we made BINANCE:DOTUSDT analysis for you, where told you that huge pump ahead. There was a price at $5. After that price reached $11 and showed the significant correction. Now most of people are talking that DOT is scam and will reach $2, but we have other opinion. Let's take a look at the daily time frame. As we mentioned before the growth from the bottom to $11 was just the wave 1 of the bull run. May be you don't believe me, but the shape of this wave looks like 5 Elliott waves impulse. Correction has a clear zigzag shape and has been finished inside the 0.61 Fibonacci retracement zone. It was ABC in wave 2. We have seen recently the green dot printed by Bullish/Bearish Reversal Bar Indicator . This is strong long signal. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . The next expected move is the wave 3 inside global wave 3. It shall be rapid without corrections. We expect the nearest target between $19 and $22 in the upcoming 2 months. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
10
Is DOTUSDT Preparing for a Reversal?Yello, Paradisers! DOTUSDT has been moving within a descending channel, presenting a textbook retracement pattern. Now, all eyes are on the crucial support zone, which could be the key turning point for the next move. 💎If DOTUSDT reaches this support zone and forms bullish patterns like a bullish I-CHoCH (Internal Change of Character), a W-pattern, or even an inverse head and shoulders, the probabilities for a bounce significantly increase. This could signal a potential bullish reversal from this critical area. 💎However, in the case of panic selling or deeper retracement, we may see a bounce from the strong support zone below. But remember, confirmation is key—bullish patterns in these zones will strengthen the case for a reversal. 💎If DOTUSDT breaks below the strong support zone and closes a candle there, this would invalidate the bullish setup. In such a scenario, waiting for new price action to develop is the smarter, safer move. Staying patient and disciplined is essential here. Trade strategically, avoid impulsive moves, and let the market show its hand before jumping in. Remember, the best trades come to those who wait for the highest probability setups. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
10
DOT - Getting ready to bounce back#DOT/USDT #Analysis Description --------------------------------------------------------------- + DOT is forming a higher low and price is getting consolidated within the zone. + I'm expecting a clear bounce back from this zone. + Price can easily reach the previous ATH --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 7.47 Stop Loss: 4.8 ------------------------------ Target 1: 10 Target 2:16 Target 3: 23 Target 4: 31 Target 5: 40 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo