$DOT is coiling up tighter than ever at $2.12, stuck in a narrow range after that strong rebound off the $1.99 lows. Price is getting squeezed between descending resistance above and solid support below a classic pressure-build before a major move.
All the moving averages are still sitting overhead like a ceiling, blocking any clean breakout. Meanwhile, that sudden volume spike shows the market is confused… but preparing for something.
This is the kind of setup where one decisive candle can flip everything.
A breakout above $2.20 opens the door for a bullish run.
A breakdown below $2.05? That’s where the trapdoor opens.
Targets:
TP1: $2.24
TP2: $2.35
TP3: $2.48
SL: $2.03
Range is tightening… the next impulse move is loading. Stay ready.
