🚨DOT Update: Standing Strong! 💪
DOT has been a top performer, showing great resilience during the recent market correction 🤩. It's been moving in a falling wedge pattern and is now aiming to retest the upper resistance level 📈.
A bullish breakout is possible, but a successful retest will confirm this 🤔. If the price falls back into the wedge, it may retest its support at $4.85 💸. This level is crucial, and a failure to hold here could mean a decline 📉.
If the overall market sentiment turns bearish with strong selling pressure, the price might revisit its strong medium-term support between $4.0 and $3.7 📊. This zone is critical, as it has historically provided substantial support 🛡️.
Keep an eye on the overall market sentiment and Bitcoin's movement, as they will significantly influence price action 👀.
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