Polkadot: Deeper Into the Target Zone

DOT has recently dropped further into our green Target Zone ($1.10–$0.44) before shifting into a sideways pattern. Our primary expectation is that the low of the broader correction will form within this price range, setting the stage for a sustainable trend reversal to the upside. Thus, the green zone is suitable for long trades, with a potential stop 1% below the lower boundary for risk management. In the next upward move, we’re watching for increases above resistance at $1.75 and $2.34.