Thoughts on $DOT - looking for conviction around 0.85

Been watching $DOT for a while now, and it's starting to look interesting around this 0.84-0.85 area. We saw a nice move off the 0.805 lows earlier, and it's attempting to consolidate above 0.84 currently. I'm thinking if it can truly establish a base and show some strength above 0.85 on sustained volume, that might suggest a further push. The risk for me is if it fails to hold this level and drops back below 0.82; that would invalidate any short-term bullish outlook I have here and probably see it retesting those 0.80 lows, or even lower. Just my humble read, always open to other perspectives.