DOT has historically developed two distinct ranges, spending much of its price history between $4.0965 (black horizontal, range low) and $8.6091 (black horizontal, range high).
However, price has since turned the $4.0965 range low into new resistance, triggering rapid downside acceleration into the $2.0034–$4.0965 range.
The $2.0034 level (black horizontal, KuCoin listing price) has also seen a Monthly Close below it several months ago, and more recently it has been transitioning into resistance.
While there has been some initial reaction from this region, the $2.0034 level — particularly as a psychological $2 threshold — appears poised to act as a major ceiling going forward.
Even though price has rebounded from current levels, the recent liquidation wick failed to generate meaningful upside continuation.
Instead, the reaction merely produced a shallow response, and downside wicks are now forming at slightly higher levels compared to the October lows.
That dynamic could simply enable a move back toward $2.0034 for a resistance check.
Only a Weekly Close reclaim above $2.0034 would transition price back into the prior $4.0965–$8.6091 range.
At present, however, $2.0034 looks positioned to cap any recovery attempt.
