$DOT UPDATE 👀
DOT is trading around 1.050 after a sharp breakdown that has pushed price to retest the descending trendline that has been acting as dynamic support since late March. Price has lost the 1.20–1.25 demand zone aggressively and the latest 8H candle shows capitulation selling, with price now wicking right into the trendline near 1.02. The structure remains heavily bearish.
A clean reaction off the descending trendline near 1.02 would set up a relief bounce back toward the 1.10–1.14 range. A breakdown below this trendline on an 8H close would invalidate the broader structure and accelerate the downtrend with no clear support below. Reclaiming 1.10 would be the first sign of stabilization after the capitulation move.
DOT
0.967
+3.86%