According to Çağnur Cessur in a conversation mail On X, Polkadot (DOT) has been constantly circulated within a clear black channel on the monthly chart. This channel is formed through the firmly firm and horizontal support levels, which have been tested several times over the past 4 to 5 years.
The range, which extends from 4 dollars on the lower end to about 12 dollars at the top, is effectively surrounded by the DOT price movement, which constitutes the structure of a long -term side market. It can put a clear step beyond this range for 5 years, especially in strong size, the beginning of a new direction, either to discover prices or deeper support levels.
Analysis of the price procedure within the channel
In his recent analysis, Ciser stressed that the green canal shown on the Polkadot scheme represented a dowry trend for nearly four years. This trend has constantly led the wider market structure, and works with long -term resistance. However, he pointed out that if Dot is able to break this channel, this way may be to reflect the main trend to its highest levels in the coming months.
He also drew attention to the short -term DOT expectations, as a broken red channel was violated on the weekly timetable to the upper direction. According to Cessur, this development is a sign of continuing possible difficulty, as a point as one altcoins to start the increase.
The analyst concluded that if the original continues to follow a multi -year pattern ranging from 4 dollars to 12 dollars, it is likely to climb another towards the top of this range. More importantly, if the weekly candle is closed over $ 4.70, it has indicated that the chances of seeing a quick transition of about $ 10 can increase significantly, with the support of momentum ascending and historical price behavior.
The bear issue: The loss of 4 dollars may be sent to Polkadot to its lowest levels ever
The Polkadot Bear issue revolves around the 4 -dollar critical support level, which was pivotal in maintaining the ALTCOIN price structure. If the DOT is lost a sign of $ 4, it may indicate a deeper and deeper step. This would nullify the last upward hopes and increase the possibility of a decrease in the transformation of market morale to a more opposite position.
Such a decrease may indicate that upward momentum that has been observed in recent months can be a false gathering, with DOT inability to maintain its position higher than the main support levels. His failure to retain more than 4 dollars may increase the pressure pressure, especially when the wider market conditions are aggravated or there is a loss of confidence in the horizons of Polkadot in the long run.
In addition, the step without this cash support would increase the possibility of re -testing its lowest levels ever, which will serve as a major declining development of the distinctive symbol. In this scenario, patience points and strategic point will become major factors for short -term holders.
