Polkadot Nears Weekly SupportDOT / TetherUSBINANCE:DOTUSDTThe_Alchemist_Trader_Polkadot (DOT) is approaching a major weekly support around $0.80, a level that could play a significant role in determining the next directional move. Price has been consolidating within a defined trading range, allowing liquidity to build on both sides of the market as buyers and sellers await a catalyst. From a technical perspective, the current structure suggests that a liquidity sweep of the recent lows remains a possibility before any meaningful recovery begins. If price briefly breaks below the major swing low and quickly reclaims the weekly support, it would form a Swing Failure Pattern (SFP). This type of setup often traps late sellers and signals that buyers are stepping back into the market. A confirmed SFP would strengthen the probability of an oversold bounce, with the first upside objective sitting around the $0.88 high-timeframe resistance. Reclaiming the weekly support after a liquidity sweep would also reinforce the broader range structure and improve the outlook for a rotational move higher. However, if DOT fails to reclaim the support after taking out the lows, it would invalidate the bullish setup and increase the likelihood of a deeper correction. For now, DOT is approaching a critical technical zone. Traders should watch closely for a potential liquidity sweep and reclaim, as this could provide the catalyst for the next bullish rotation from an oversold condition.