$DOT Strong Setup for Potential Growth Current Dynamics: CRYPTOCAP:DOT has reclaimed a critical #1W S/R level and is trading above the 1W 100EMA, signaling strong bullish momentum.
The $6.5–$7 consolidation zone looks healthy and could act as a solid base for the next upward move.
Key Levels to Watch
1️⃣ Resistance:
$10.35: A significant barrier, tested three times since 2022 but not yet broken.
A weekly close above $10.35 would pave the way for higher targets, potentially leading to $12–$15.
2️⃣ Support:
$6.5–$7: Holding this level strengthens the bullish case.
Loss of this support could result in a pullback to lower levels.
Entry Strategies:
Long near $6.5–$7: If support holds, this zone offers an excellent entry for accumulating positions.
Breakout Play: Enter after a weekly close above $10.35 to confirm the breakout.
Invalidation:
A weekly close below $6.50 would negate the bullish setup, signaling potential further downside.
Take-Profit Targets:
TP1: $9.50 (immediate resistance).
TP2: $10.35 (critical breakout level).
TP3: $16.00 (target post-breakout).
TP4: $49.00 (long-term target).
