🚀 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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