Polkadot: Short-Term Rally Before Potential Drop into Target ZonDOT is currently expected to move toward the high of wave iv in orange, according to our primary scenario. We continue to anticipate that this move will remain below the resistance level at $3.78. Afterward, we are primarily preparing for a wave v sell-off into the orange Target Zone ($1.66 – $0.70). In this range, we expect to see the low of wave in magenta, which should signal a potential long-term trend reversal to the upside. There is still a 30% probability that the correction low has already been completed as wave alt. in magenta. However, this alternative would only be definitively confirmed by a significant breakout above the $3.78 level.
