$DOT is reacting from the 1.704 support zone and I am watching this area closely because buyers stepped in aggressively at the lows. The 1h candles show rejection from the downside followed by short term stabilization which keeps the recovery structure alive. Sellers pushed price lower but failed to extend below the base which signals weakening selling pressure.
Here is my full setup from this chart.
Entry Point
1.72 – 1.70
Target Point
TP1: 1.75
TP2: 1.78
TP3: 1.82
Stop Loss
1.66
It is possible because dips near the 1.70 zone are getting absorbed quickly and buyers are defending this range. If $DOT holds above this support the next rebound becomes possible with a controlled push toward 1.75 before momentum attempts further upside continuation.
#USGDPUpdate #USCryptoStakingTaxReview #WriteToEarnUpgrade
DOT
1.734
0.00%