$DOT is consolidating inside a tightening triangle structure on the 30M timeframe after the strong impulsive rally earlier in the session. Price is compressing between rising support and a descending resistance line, forming a classic volatility squeeze beneath the 1.60 supply zone. The series of higher lows suggests buyers are gradually defending the trendline while the structure approaches a breakout point.
If price breaks above the descending resistance, the setup favors a continuation toward the upper supply region near 1.60. A rejection from resistance would likely send price back toward the rising support zone near the demand area.
Compression inside the triangle suggests a decisive breakout move could occur soon.
Follow every update 👉
