Community discussions
$DOTU So far so good on my side
Compared to Bitcoin, Polkadot is still holding its daily structure.
In terms of Elliott Waves, the wave 2 correction is about a 60% pullback from wave 1, so DOT could still drop to around $2.60 and the structure would remain intact.
From there it could start wave 3, targeting roughly $4.5 to $5.3 — about 1.5× the size of wave 1.
I think DOT will start rotating back up around $2.6–$2.7, but we’ll see…
Let’s also see how the weekly candle closes.
Compared to Bitcoin, Polkadot is still holding its daily structure.
In terms of Elliott Waves, the wave 2 correction is about a 60% pullback from wave 1, so DOT could still drop to around $2.60 and the structure would remain intact.
From there it could start wave 3, targeting roughly $4.5 to $5.3 — about 1.5× the size of wave 1.
I think DOT will start rotating back up around $2.6–$2.7, but we’ll see…
Let’s also see how the weekly candle closes.
If the support holds, DOT could bounce back toward $3.10–$3.20. A break below $2.75 would open the door to lower levels.
I think this weekend we’ll either see a sharp drop, since BTC is sitting on a strong support level that, if broken, could trigger a cascade down — or we’ll see a repeat of the 2020 pattern and DOT will be testing the $4.4 level this weekend.