On the 4H chart, $DOT has rebounded strongly from the 1.25 base, forming a sequence of higher lows and reclaiming mid-range structure. Price is currently trading near 1.38 and advancing toward a significant supply zone between 1.48 and 1.55, where prior distribution initiated a steep selloff.
The broader structure remains a consolidation range, with clear liquidity resting above 1.55 and below 1.25. The current bullish leg reflects accumulation and short-term strength, but confirmation requires a sustained break and hold above 1.55.
Failure to clear supply would likely trigger a rotation back into the range, targeting 1.30 first and potentially retesting 1.25 demand. A decisive breakout, however, would invalidate the range narrative and open the path for continuation.
$DOT is compressing beneath resistance. Expansion is near.