DOT 8H – Support Retest at 0.5 Fib, Will It Hold or Break?

DOT is once again testing the $3.85 horizontal support, aligning with the 0.5 Fibonacci retracement from the recent swing low to high. A breakdown here opens the door to the $3.66 0.618 Fib and the $3.38 0.786 Fib, both of which align with the ascending trendline. On the upside, price faces descending resistance near $4.40, which has capped rallies since April. The Stoch RSI is oversold, suggesting possible short-term relief, but confirmation is needed to avoid a deeper retracement. Monitoring volume and reaction at $3.85 will be key for the next move.