Weekly chart shows potential base forming for DOTOn the BINANCE:DOTUSDT 1W chart, price has recently tested a long term support zone near 3.54. This area has previously acted as a strong demand zone, and the reaction from it could suggest that buyers are stepping in once again. The Ichimoku cloud (10, 20, 40, 10) shows ongoing bearish pressure, but the current structure may be forming a double bottom or accumulation pattern. A break above the mid range and a retest of the 5.50 area could serve as confirmation that the trend is shifting. If this scenario plays out, price may aim for the next resistance zone around 10.20. Until then, this setup remains in development and lower timeframes will be key to confirm early signs of strength.
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