The chart shows that Polkadot (DOT) has been trading within a defined range between $3.76 – $11.34 for a long time.
🔻 Resistance Level: ~$11.34 – the price has bounced off this level multiple times.
🟢 Support Level: ~$3.76 – a historically strong zone where demand appears.
📊 What Could Happen Next?
DOT is currently testing the support zone again. If it holds, we might see a rebound towards $11.34. Otherwise, a breakdown below this level is possible.
⚠️ Strategy:
1️⃣ Monitor the price reaction in the $3.76 – $4.85 zone.
2️⃣ If a rebound is confirmed, the potential upside target is $11.34.
3️⃣ If support fails, a deeper correction could follow.
➡️Tradingview
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