Polkadot attempted to break out of its descending channel but is now retesting the upper boundary, making $4.26 a crucial level to watch.
📊 Current Market Structure
🔹 Price faced selling pressure at $4.75, leading to a pullback.
🔹 Holding $4.26 keeps the breakout valid, while failure could signal weakness.
📈 Bullish Case
✅ A strong defense of $4.26 could trigger a move toward $5.17 → $6.36.
✅ Reclaiming $4.75+ would confirm strength and potential upside continuation.
⚠️ Bearish Case
❌ Losing $4.26 may invalidate the breakout, with potential downside toward $3.42 → $2.90.
❌ A breakdown would signal continuation of the downtrend.
DOT is at a key decision point—watch how price reacts at support to determine the next move 🚦
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I share more in my court
Join me on X: x.com/Coin_Mastermind
Join me on Telegram: t.me/coin_mastermind
Join me on X: x.com/Coin_Mastermind
Join me on Telegram: t.me/coin_mastermind
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.