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$DOT is approaching a key trendline support on the 4H chart. 👀
This trendline has been respected multiple times, while the $1.29–$1.30 zone has acted as strong resistance.
If DOT gets a bounce from here, we could see another attempt to break above resistance. But with overall market sentiment still bearish, confirmation is important before expecting a breakout.
If the trendline breaks, we could see further downside.
Let's wait and see how price reacts here.
Not Financial Advice, DYOR