DOT/USDT Upward Momentum ?? Polkadot Analysis Today

💎 DOT has certainly piqued our interest, achieving a breakout from the Descending Channel with a notable ascent. It would be beneficial for DOT to undergo a retesting phase initially, ensuring a stable corrective movement.

💎 Without this, DOT might reach the supply zone only to face rejection, subsequently descending to retest at the demand level or the resistance trendline of the former descending channel. However, should it manage to breach the supply zone promptly, DOT probability could advance towards its next milestone, the Bearish OB region.

💎 In the scenario of a strategic retest, it's imperative for DOT to exhibit a bounce or a sign of rejection, striving to re-engage with the supply zone and solidify its position above, thereby validating the breakout.

💎 Conversely, if DOT fails to rally, a troubling development might unfold, where DOT is unable to hold its ground at the demand zone, compromising the subsequent level. This occurrence would signify a false breakout, potentially steering DOT into a downward trajectory towards a robust support zone.

Trade closed: target reached:

Just like clockwork, #DOT is tracing our forecast, hitting that sweet 19.55% growth mark.