$DOT rallied strongly on the 1-hour timeframe following a sharp liquidity sweep into its lower baseline near $1.020, pushing back upward to trade around $1.213.
The price is approaching an overhead distribution zone situated around $1.230 – $1.250, while the key demand floor remains firmly established in the $1.010 – $1.030 region below.
The technical roadmap anticipates a potential test of the upper resistance zone before initiating a corrective downswing back toward the lower $1.010 – $1.030 demand shelf to absorb sell-side liquidity.
#dot
The price is approaching an overhead distribution zone situated around $1.230 – $1.250, while the key demand floor remains firmly established in the $1.010 – $1.030 region below.
The technical roadmap anticipates a potential test of the upper resistance zone before initiating a corrective downswing back toward the lower $1.010 – $1.030 demand shelf to absorb sell-side liquidity.
#dot