DOT/USD Downtrend Continues – Will Support Hold ?

• Currently, the price is in a correction phase, declining from its peak.
  
• The price is near the lower Bollinger Band, indicating oversold conditions.
  
• The bands are contracting, suggesting lower volatility.
  
• If $5.50 support breaks, price could decline towards $5.00 or lower.
  
• A test of $3.60 could occur if the bearish trend continues.