#DOT Falling Wedge Bounce Setup ๐๐
Polkadot ($DOT ) is showing a clean consolidation above the lower boundary of a well-defined falling wedge on the 2-week timeframe ๐จโ๐ป๐ โ a structure that often precedes major trend reversals.
Price action continues to respect the support zone, and the latest rebound from this area suggests momentum is quietly building ๐๐. Growing interest at these levels points toward accumulation, setting the stage for a potential multi-leg upside move once confirmation kicks in.
๐ฏ Bounce Targets
$3.00 โ Initial breakout confirmation
$4.30 โ Key resistance flip
$7.00 โ Mid-range expansion zone
$10.50 โ Macro resistance level
$15.50 โ Full wedge projection target ๐
As long as support holds, the technical structure remains bullishly intact. A decisive breakout with volume could accelerate price discovery and shift DOT into a new macro uptrend.
๐ Patience is key โ higher-timeframe setups reward those who wait.
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