🚀 POLKADOT (DOT) Weekly Analysis — Historic Support Hit! 🧨💫
A massive moment is unfolding on Polkadot’s (DOT) weekly chart, and the market is entering a critical phase. Here’s the full breakdown for traders and long-term investors:
1️⃣ Market Structure & Cycle Outlook
DOT has officially completed a full 5-year cycle reset.
Price has fallen back to $1.98, the exact level where the 2020 mega bull run began.
The major uptrend broke in early 2022 — and DOT has remained in bear structure ever since.
This puts the asset at Ground Zero, historically where big trend reversals begin.
2️⃣ Key Price Levels to Watch
🟢 $1.98 – $2.00 (The “Kiss of Life” Support)
This is DOT’s most important support zone.
This level launched the 2020 bull run.
Returning here suggests capitulation + seller exhaustion.
A strong bounce is technically very likely.
⚠️ BUT: Weekly closes below $1.98 could trigger deep downside price discovery
🔴 Major Resistance: $10.67 (Marked as $10)
This is the wall DOT must break to confirm a new bull trend.
Rejected in 2022, 2023, 2024 — each time with heavy selling pressure.
No strong bullish market structure until DOT reclaims $10 on the weekly chart.
⚠️ Intermediate Resistance Zones
Broken trendline now acting as hard diagonal resistance.
First upside targets in a reversal: $4.50 – $5.00 zone.
3️⃣ Technical Picture
Round Trip Completed: From $55 → back to $2 (full cycle).
Triple Rejection at $10 shows a massive supply block.
Market likely entering Accumulation Phase if $1.98 holds.
4️⃣ Investor Scenarios
⭐ Scenario A — Bottom Formation (Bullish Reversal Setup)
Thesis:
DOT is sitting on its strongest historical support. The current R/R is extremely attractive.
📌 Accumulation Zone:
➡️ $1.98 – $2.10
📌 Stop-Loss:
➡️ Below $1.80
📌 Targets:
First target: $4 – $5
Major target: $10+ retest
Long-term potential if market flips bullish: $50 (Old ATH)
🚀 Conclusion:
DOT is at a historic “decision point.”
Either a major reversal begins here — or the market enters new downside territory.
All eyes on $1.98.
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