The same levels, the same prices, the same support zone. Polkadot is still trading at bottom prices. From the bottom the market tends to grow.
Good morning my fellow Cryptocurrency trader, I hope you are having a wonderful day. Notice the brown lines on the chart. We have the 7-April low, the June 22 low and also the low in March and yesterday, 1 August. This is a bottom range and this is the buy zone.
Polkadot (DOTUSDT) has been trading near this range since February 2025, six months ago. This is a very long — and strong — consolidation period. This much accumulation is surely the preparation for a major market change, a change of trend. A new uptrend. An event that has not happened since 2021.
I think the most important part is to truly understand that a bullish wave develops only from low prices. Notice the peak from December 2024. As soon as prices are high, the market seeks balance and starts to decline. But, when prices are low, an accumulation period develops and afterward a wave of growth. That is what I see happening right now across the market and with this chart. It already happened to hundreds of projects, literally. They all had the same chart.
These projects grew in late 2024, November-December. Then they went into correction in early 2025 until recently. The current low as witnessed on DOTUSDT led to massive growth. Some of these pairs are trading at new all-time highs while others have grown 500% or more. Those trading at the bottom are still early and next in line to move when the market does.
We will be bullish within days, as soon as Bitcoin ends its retrace. I shared in another publication why I believe Bitcoin will recover in the coming days.
Thank you for reading.
Namaste.
