Recent Chart & Technical Observations$DOT
According to one technical snapshot, $DOT appears to be in a bearish setup: price remains below longer-term moving averages (50-day SMA and 200-day SMA), indicating bearish short-term pressure. Coinpedia Fintech News+1
Support levels (based on recent technical analysis) stand near US $2.10, $1.95, and $1.86, while resistance lies roughly at US $2.34, $2.43, and $2.58. CoinCodex
Broader sentiment from one forecasting site suggests DOT might remain range-bound into the near term, with projected trading between US $1.75–$2.31. CoinCodex+1
📰 What’s Happening (Recent Developments)
Some analyses remain bullish on longer-term potential: one recent forecast suggests $DOT could “surge to ~ US $10.4 by late 2025,” with possible mid-term gains if ecosystem developments and adoption pick up. Coinpedia Fintech News+1
On the flip side — many investors and analysts see DOT as underperforming relative to other major altcoins. Its steep decline from all-time high, combined with weak momentum and limited bullish signals, makes for a cautious near-term outlook. This is echoed in recent community sentiment. For example:
“It looks terrible for DOT on the chart no matter how much I zoom out.” Reddit
“There’s absolutely no upside momentum. It’s a slow bleed to $1.
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