$DOT is trading inside a major demand zone around $1.22–$1.26, and this level has been defended multiple times since April. The chart is showing a potential accumulation structure rather than continued breakdown.
BULLISH CASE
If support around $1.25 continues to hold:
➡️ First target: $1.40
➡️ Second target: $1.65–$1.70
A breakout above $1.65 - $1.70 level could open a larger trend reversal.
BEARISH CASE
If DOT loses the support zone decisively.
The bullish setup becomes invalid and price could revisit lower liquidity areas and continue the broader downtrend.
BULLISH CASE
If support around $1.25 continues to hold:
➡️ First target: $1.40
➡️ Second target: $1.65–$1.70
A breakout above $1.65 - $1.70 level could open a larger trend reversal.
BEARISH CASE
If DOT loses the support zone decisively.
The bullish setup becomes invalid and price could revisit lower liquidity areas and continue the broader downtrend.