DOT Retesting Breakout – Key Support in Focus

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 🚦