Polkadot Range-Bound Between Weekly Levels, POC Acts as MagnetDOT / TetherUSBINANCE:DOTUSDTThe_Alchemist_Trader_Polkadot continues to trade between weekly support at $3.39 and resistance at $4.40. Price action remains rotational within this range, with the point of control acting as the primary magnet. Polkadot’s price has been consolidating for an extended period within a defined weekly range. After multiple rotations between the value area low (VAL) and value area high (VAH), the market remains indecisive. Currently, price is gravitating toward the point of control (POC), a key level that often dictates the next directional bias. Key Technical Points: - Support: Weekly level at $3.39 holding as range low. - Resistance: Weekly level at $4.40 capping range high. - Structure: Rotational movement between value area levels with POC pull. The persistence of range-bound trading highlights the ongoing battle between buyers and sellers. Each rotation between the $3.39 support and $4.40 resistance reflects uncertainty, but also opportunity for traders who capitalize on mean-reversion setups. The POC currently acts as a magnet, pulling price into balance. This level’s significance cannot be understated, as acceptance above or below it could shape the next phase of price development. Should Polkadot establish bullish acceptance above the POC, a rotation toward $5 becomes increasingly likely. Conversely, rejection at the POC could result in another retest of range lows. From a market structure perspective, the extended consolidation may ultimately lead to a breakout, but until that occurs, traders should continue treating the price action as rotational. What to Expect in the Coming Price Action: Polkadot remains locked within its established range. A decisive break from the POC will provide clearer directional cues, with upside potential toward $5 if buyers can seize control.