DOT 8H – Lower Channel Boundary at New LowsDOT / TetherUSBINANCE:DOTUSDTBKVIPDOT on the 8H timeframe is currently trading around 0.960 inside a well-defined descending parallel channel that has been guiding price lower since the March highs near 1.650. Price has been making lower highs and lower lows consistently throughout the channel across nearly three months. Every recovery inside the channel has been capped by the descending resistance and sold back down, with the lower boundary providing only temporary support before the downtrend continued. Price is now pressing directly on the lower channel boundary near 0.891–0.960, which represents the lowest level on this chart, while the horizontal support floor near 0.960–0.985 is also being tested simultaneously. Key Levels To Watch 1.600–1.650 → Prior highs, major resistance above 1.300–1.320 → Descending resistance trendline, overhead ceiling 1.200–1.240 → Prior support zone, now resistance 1.100–1.160 → Prior consolidation zone, now resistance 0.985–1.000 → Prior support, now resistance 0.960 → Horizontal floor, current test 0.891 → Lower channel boundary, final structural floor Below 0.891 → Channel breakdown, no visible support below The descending channel has defined this entire move since March and the lower boundary has now been approached with price sitting at multi-month lows. The psychological 1.000 level was lost decisively and price is now below it for the first time on this chart. A hold at the lower channel boundary near 0.891–0.960 would be the minimum requirement for any bounce, with the first target being a move back toward the mid-channel area and the 1.000 psychological level. A confirmed close below 0.891 and breakdown of the lower channel boundary would push price into new low territory with no visible structural support below. This is the last support inside the descending channel. Hold 0.891–0.960 → channel bounce possible, eyes on 1.000–1.100. Lose 0.891 → channel breaks down, new lows with no support below. Fully bearish inside descending channel. Structure only shifts on confirmed break above descending resistance.