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DOT/USDT Technical Analysis – Potential Breakout Ahead🔹 Asset: Polkadot (DOT/USDT) 🔹 Timeframe: 1D (Daily) 🔹 Exchange: Bybit 📊 Market Overview: DOT/USDT has been trading within a well-defined descending parallel channel, indicating a prolonged downtrend. However, recent price action suggests a potential trend reversal fueled by bullish signals. 📈 Key Technical Factors: ✅ Break of Structure (BOS): The price has started to break key structural levels, signaling an early shift in momentum. ✅ Strong Hammer Candle Formation: A bullish hammer appeared at the lower boundary of the channel, indicating buying pressure and potential bottoming out. ✅ Mini & Major Change of Character (ChoCH): A breakout above the mini ChoCH ($6.00) would confirm an early bullish reversal, while a move above the major ChoCH ($7.00) would solidify the bullish trend. 🎯 Potential Trade Setup: Bullish Scenario: If DOT/USDT breaks out of the descending channel and successfully flips resistance into support (~$6.00), it could push towards $7.00 - $9.00 in the coming weeks. Bearish Scenario: If the price fails to break out and gets rejected at resistance, we may see a retest of the lower levels (~$4.00 - $4.50) before a stronger move. 🔥 Conclusion: DOT/USDT is showing promising signs of a trend reversal, but confirmation is needed above key levels. Watch for breakout confirmation and volume surge to support the bullish momentum. 🔔 Stay updated & manage risk accordingly! 🚀 #DOT #Polkadot #Crypto #Trading #TechnicalAnalysis
Long
by MangoMan4
DOT/USDT 4H chart reviewHello everyone, let's look at the 4H Dot chart to USDT, in this situation we can see how the price moves in the local growth trend channel. However, let's start by defining goals for the near future the price must face: T1 = $ 4.93 T2 = $ 5.40 Т3 = $ 5.87 T4 = $ 6.18 Let's go to Stop-Loss now in case of further declines on the market: SL1 = 4.65 $ SL2 = 4.19 $ SL3 = $ 3,74 SL4 = $ 3.39 Looking at the RSI indicator, you can see the traffic above the upper limit of the range in the place where the price relief could be observed earlier.
by cryptodailyuk
PolkaDot DOT Needs To Crash More Hello, Skyrexians! As you know, globally we are very bullish on BINANCE:DOTUSDT and our previous analysis on the weekly time frame is still valid, but locally it still has not reached the bottom. Current value of fear and greed index is extreme fear and it will not allow DOT to drop immediately, some bounce is anticipated, but after that bears can take control again. Let's take a look at the daily chart. We can suggest you this Elliott waves counting, may be it's not 100% correct, but the only one thing we need to know. The drop, which we have seen on February 3 was the wave 3 according to minimum Awesome Oscillator value. While it has not crossed zero line price is in wave 4. Yesterday we had a chance to finish this night mare, but price is pumping again and it looks like it's going to reach $5.50 max and then continue printing wave 5 to the final target $1.9-$3.2. The key points for reversal is the appearing of green dot on Bullihs/Bearish Reversal Bar Indicator and divergence on AO. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Short
by Skyrexio
7
DOT Eyes 170% Breakout as Nasdaq Sets to List Grayscale PolkadotPolkadot (DOT) is on the verge of a massive breakout as institutional interest in altcoin-based exchange-traded funds (ETFs) gains momentum. With Nasdaq officially submitting a filing to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale Polkadot Trust (DOT), the stage is set for DOT to witness significant capital inflows, potentially driving a 170% rally. Nasdaq Files to List Grayscale Polkadot ETF The cryptocurrency investment landscape is undergoing a major shift as traditional financial institutions increasingly embrace digital assets. In a recent filing, Nasdaq submitted Form 19b-4 to the SEC, requesting approval to list and trade shares of the Grayscale Polkadot Trust. If approved, this move will provide investors with a regulated and institutional-grade avenue to gain exposure to DOT. Grayscale Investments, the asset management firm behind the proposed ETF, has been aggressively expanding its crypto product offerings. Alongside the Polkadot ETF, the firm has filed for a spot Cardano ETF and an XRP Trust conversion. Other potential digital asset ETFs, including those tracking Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC), are also being considered. This filing follows a broader trend of growing institutional interest in crypto ETFs. In late January, asset manager 21Shares also applied for a spot Polkadot ETF, signaling heightened confidence in DOT’s long-term potential. The SEC now has 45 days to review Nasdaq’s application, after which it can approve, deny, or extend the decision-making process. Technical Indicators Signal a 170% DOT Breakout As of the time of writing, Polkadot is trading at $4.40, up 1.4% on the day. The technical outlook for DOT presents a highly bullish scenario, with the asset forming a textbook falling wedge pattern—a historically reliable setup that has preceded major upward price movements. A closer examination of DOT’s price action reveals striking similarities to its March 2024 trading pattern, where the token surged 170% following a breakout from a similar wedge formation. Historically, DOT has exhibited a strong tendency to rally after breaking out of falling wedge patterns, making this a key inflection point for traders. Momentum indicators further reinforce the bullish outlook. DOT’s Relative Strength Index (RSI) currently sits at 37, indicating that the asset remains in oversold territory with significant upside potential. With buyer accumulation increasing and selling pressure waning, DOT appears poised to capitalize on this dip before an explosive breakout takes place.
Long
by DEXWireNews
Polkadot - Macro VisionAs you can see, we have a macro range in construction. The new Higher was very little low from the previously, but the good think its the Lower its higher from the recent one, so about this we have good and bad signs. In that case, we need to wait for mor clarification, 1st that we need its a new Higher High on 4h tf, until that, we can retest demand zone like in 4 november, ant thats not good at all beacause will be to much pressure for the buyers , they acctually stressed a lot because a lot of them, didnt sell what they'v accumulated in the first Low from last year so, they are kind of desperate now for the liquidity and a new low can activate them to sell in loss , also because under 3.5 , there is a chance to visit 1.8 , and that means another -50% for their bags. Offcourse, this is the bearish scenario. The bullish one is that we have on daily a rejection from demand zone, this zone was bought very fast from buyers so , we need to see a recovery, a fast one to add optimism in market. Also , everyone , one month ago said that February its a bullish month , and this time looks different so, many of theese investors, now , are confused a lot. A bullish weekly close can activate them again , but until then, they will be very precaute. My case: Im bullish bettwen 3.5 and actual price for accumulaton on SPOT. On trading , i will not do nothing for now.
by sfc95
DOT - Time to buy again!The price has formed a Triangle on the 4h time frame, and if it breaks out, it can drive the price up to around $6 . Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Last Shakeout Has Happened For PolkaDot DOTHello, Skyrexians! We have seen many negative reactions on our recent analysis on XRP where we pointed out that it it in the distribution zone. We don't understand the sense t hold such overbought asset. Even if growth continues the potential is very low. It's much better to take a look at assets which are still at the bottom, like $BINANCE:DOTUSDT. On the weekly time frame we can see that DOT tested the support level again and formed the confirmed green dot on the Bullish/Bearish Reversal Bar Indicator . This is the strong signal for the corrective global wave 2 finish. The next target is 1.61 Fibonacci extension at $88 at least. The maximal target is much higher at 2.61. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
7
DOT Holding Strong – A Rally to $11 Incoming?DOT has been consolidating within a well-defined range between support zone Green a $3.499 - $3.852 and the resistance zone Blue at $10.203 - $11.090 for an extended period. Recently, the price rebounded from the lower boundary of this range, signaling potential upward momentum. If bullish strength persists, in the coming days, DOT is expected to move toward the upper resistance marked in Blue, provided the bullish momentum continues.
Long
by TheCryptoCity
Be careful with DOT !!!The price has formed a bullish wedge on the 1h time frame, and if it breaks out, it can drive the price up to around $5. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
by CobraVanguard
3
Will Dot break the barrier of the inheritance channel?Hello everyone, let's look at the 1D Dot chart to USDT, in this situation we can see how the price moves in a local strong tendu inheritance channel. However, let's start by defining goals for the near future the price must face: T1 = = $ 5.31 T2 = = $ 6.14 Т3 = 6.70 $. T4 = $ 7.63 Let's go to Stop-Loss now in case of further declines on the market: SL1 = $ 4.47 However, we still have a very strong support zone that has repeatedly maintained the price from a further correction zone from $ 3.95 to $ 3.56.
Long
by cryptodailyuk
We are so close!I love Polkadot and community of this coin. We all know BINANCE:DOTUSDT made huge impulse about a year ago and still consolidating around it. Checking 4.5 area is crucial for BINANCE:DOTUSDT , because that means it is triple bottom which is a huge reversal pattern. If we ever see candle below 3.5 that is the point we consider Long-term long position in either Spot or Futures. Also MACD and RSI making divergence in 1W timeframe. I will be taking profits at 20, 24, 32, 55 ( ATH ).
Long
by terayu
1
My Insight on DOT came True! what's next?BINANCE:DOTUSDT as I expected, Dot reached the support level I mentioned before! Now I expect it ascend from here and reach around 6.3! ⚠️ 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
#DOT/USDT#DOT The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it upwards strongly We have a bounce from the lower limit of the descending channel, this support is at a price of 4.10 We have a downtrend on the RSI indicator that is about to be broken, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 4.60 First target 5.40 Second target 6.02 Third target 6.80
Long
by CryptoAnalystSignal
DOT Nearing Key Support: Potential for Bullish Breakout..!At the moment, DOT is nearing its critical support level of $6, a price point that has historically acted as a significant resistance level in the past. It's essential to be patient and observe for a strong bullish signal or a bullish technical pattern, such as a breakout or a reversal formation, before making any decisions about entering a long position. For those investors with a long-term perspective, this price level could present an opportune moment to start accumulating DOT. Given the overall market trends and potential for recovery, a reasonable price target for DOT could be around $11. This target reflects the possibility of upward momentum as the market dynamics shift, providing a favorable outlook for long-term investment strategies.
Long
by Kartik_Elkunchwar
Polkadot will hit a new ATH soon (2D)Before anything, pay attention to the analysis timeframe: it’s a 2-day timeframe and requires patience. From the point where we placed the red arrow on the chart, it seems Polkadot's correction has begun. This correction appears to be a triangle. We are currently in the middle of wave D. Polkadot, by feeding on the demand orders marked on the chart, can move toward the red box to complete wave D. After completing waves D and E, it can move toward the historical peak and create a new ATH. The closure of a daily candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTO:DOTUSD
by behdark
9
Polkadot Accumulation ZoneThe concept of an "accumulation zone" in cryptocurrency, like with Polkadot (DOT), refers to a price range where a significant amount of buying is occurring, often by long-term investors or "whales" who believe the asset is undervalued or poised for an upward price movement. Here's how it relates to Polkadot based on available information: Seems CRYPTOCAP:DOT is holding up in the accumulation zone with a bullish RSI getting ready for a move in the coming week. The Green Zon is the RSI Low using an RSI 7-period respecting the low zone Accumulation might be occurring here. Most Crypto assets have similar zones happening. Just looking at the bar patterns it's hard to see but with the RSI indicator, it looks positive to me.
COINBASE:DOTUSDLong
by RSI_Trading_Concepts