2026-01-11 17:30:09

POLKADOT Technical Snapshot

The market's currently pulling back before we see the next real bullish move. Nothing surprising there—consolidation's pretty normal in healthy uptrends.

Looking at the daily chart, the bias stays firmly bullish. This dip we're seeing? It's just a short-term retracement within the bigger picture. Pretty textbook stuff.

Now here's where it gets interesting. Flip to the 4-hour timeframe and you'll spot an internal Change of Character (CHoCH) setting up. That signals a potential trend reversal might be brewing. Could be a key inflection point worth watching.

Price of Interest (POI) is sitting at a critical level—exactly where we'd want to see a reaction before the next leg up. Keeping close tabs on how the price action develops around that zone will tell us a lot about what's coming next.

DOT-3,42%

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BlockchainDecoder

· 2h ago

From a technical perspective, this CHoCH signal is indeed worth paying attention to, but I have to say that the reversal signals on the 4-hour chart are often quite misleading. Data shows that such micro-reversal signals have a relatively low success rate in a bull market, so it's recommended to confirm with daily support levels for more reliability.

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WalletDetective

· 19h ago

Another round of seemingly reasonable technical analysis... but to be honest, CHoCH is the easiest to deceive. Let's wait and see.

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CoffeeNFTs

· 20h ago

Seeing CHoCH again and again, why is this term so popular lately... By the way, is DOT's recent correction really that textbook? It feels like every time they say it's a normal upward trend, it ends up crashing down.

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ChainDoctor

· 20h ago

Talking about CHoCH and POI again. I've heard this theory several times, but the key is whether it can break through that critical level.

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TaxEvader

· 20h ago

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