DOTUSDT TA🔥
dot has been one of the standout performers, showing remarkable resilience during the recent market correction. The asset has been navigating a falling wedge pattern . Currently, #DOTUSDT is aiming to retest the upper resistance of the pattern .
A bullish breakout is promising, but a successful retest will reinforce and confirm this breakout.
If the price falls back into the wedge, it’s likely to retest its support at $4.850. This level will be a key indicator of DOT's strength, and a failure to hold here could signify a potential decline.
Should the macro market sentiment turn bearish with significant selling pressure, the price might revisit its liquidity-packed area and strong medium-term support between $4.0 and $3.7 . This zone is critical as it has historically provided substantial support.
The overall market sentiment and Bitcoin's movement will significantly influence price action, so keep a close eye on these factors.