Technical analysis by Houmani about Symbol DOT: Buy recommendation (7/15/2025)

Polkadot (DOT) is forming a solid base and is now approaching a key resistance zone around $3.98. A clean breakout above this level could mark the start of a bullish reversal. 🔍 Technical Setup: DOT is consolidating near resistance after a prolonged downtrend. Breakout above $3.98 signals strength, possibly confirming a trend shift. Volume spike and higher lows suggest accumulation. 🎯 Bullish Targets Post-Breakout: TP1: $5.00 (psychological + structural level) TP2: $10.00 (mid-range consolidation zone) TP3: $15.00 (macro resistance, potential long-term play) 🛡️ Support to watch on pullbacks: $3.50–$3.60 zone. Bias: Bullish above $3.98 Invalidation: Close below $3.50 with volume Keep an eye on the breakout confirmation with volume and candle structure. DOT might be gearing up for a larger move if the market sentiment aligns.