PolkaDot (DOT) Structure Analysis (1D)

DOTUSDT is showing signs of strength after a deviation below the long-standing $3.70–$4.10 demand zone.

Key Levels
• 🟢 Demand Zone: $3.70–$4.10, respected since October 2023
• 🟡 Broken downtrend resistance, retested as support
• ⚪ Current falling channel (compression) following range high retest
• 🟥 Sell Order Block: $5.10–$5.40
• 🟧 Range Resistance: $5.40
• 🎯 Target on breakout: ~$7.00, potential extension to ~$7.50

Thesis
• The recent breakdown was quickly reclaimed, hinting at a possible spring/fakeout. After retesting the range high, price is now compressing within a descending channel, building energy just above demand.
• A breakout from the channel followed by an S/R flip of the $4.40–$4.60 region could trigger a rally toward the upper range.

Watching for
• Channel breakout with volume
• Clean break above $5.40 to confirm range expansion

Invalidation
• Sustained break below the $3.70–$4.10 demand zone