The analysis of DOTUSD on the daily timeframe indicates a bearish trend. A sell-off occurred on October 10th, leading to a sharp decline. The analyst identifies a possible wave one to the downside, followed by a wave two forming a top, suggesting another one-two setup to the downside. The analyst expects DOT to decline further, potentially reaching $2.31, which corresponds to the 138% Fibonacci extension level and is considered an ideal target for wave three. If the market breaks above $4.44 and $4.92 with a five-wave move upwards, there could be a broader wave two formation, delaying the sell-off. It's also possible for the market to decline to $1.75 - $1.43 region if the mentioned scenarios are not meet. A micro five-wave move up could send the price into a resistance area around $6.89. The analyst considers the likelihood of new all-time highs as very low.