From the DOT/USDT weekly chart:
Key Support Level:
• $2.92: This is the historical support level, as seen in the past price action (left side of the chart).
• $3.40: The current price is hovering around this level, which aligns with previous consolidation zones. If this level breaks, a retest of $2.92 is likely.
Key Resistance Level:
• $11.80: This is the major long-term resistance.
Conclusion:
If $3.40 holds, it could be a potential buying zone. However, if it breaks, $2.92 is the next major support to watch.#DOTUSD