DOT Preparing for Next Markup Phase? Technical Analysis Points to Potential Breakout

DOT is demonstrating a classic Wyckoff cycle pattern — transitioning from markdown phase into accumulation, followed by a distinct markup period, then another markdown cycle, before settling into its current accumulation zone.

After successfully retesting and holding above the critical $4 support level, DOT is now displaying early bullish momentum indicators. This price action suggests we could be witnessing the early formation of another markup phase, with potential targets at significant resistance zones around $6, $10, and $11.

What makes this particularly interesting is how closely the current structure mirrors the previous cycle’s pattern. Technical analysts are closely watching these similarities to determine if historical price action will repeat itself in the coming period.

Key Technical Levels:

Support: $4.00 & $3.00

Resistance: $6.00, $10.00, and $11.00

What are your thoughts on DOT’s current technical formation? Share your analysis in the comments 👇

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