Polkadot Shows Resilience, Aiming for Breakout Despite Uncertainty
Over the past 72 hours, Polkadot ( DOT ) has demonstrated a strong recovery from its critical support levels , climbing by more than 3% to trade around $4.32. Despite a challenging market environment, DOT has managed to hold above the key support at $4.20, which has provided stability amidst the recent volatility . Analysts are closely watching for a breakout toward $4.50, which could signal further bullish momentum if buyers sustain the recovery​( Benzinga )​( Crypto Daily ).
Technical Analysis and Market Sentiment
Polkadot’s technical indicators remain mixed, with sentiment uncertain as the token struggles to build significant upward momentum. The MACD suggests that bears could still dominate, but consistent buyer activity around $4.20 is preventing further downside. Should DOT break past $4.50, it could push toward $5; however, failure to maintain current support might see it retest lower levels near $4​( Crypto Daily )​( Crypto Daily ).
Read More: https://onthenode.com/cryptocurrency/polkadot-shows-resilience-aiming-for-breakout-despite-uncertainty
Over the past 72 hours, Polkadot ( DOT ) has demonstrated a strong recovery from its critical support levels , climbing by more than 3% to trade around $4.32. Despite a challenging market environment, DOT has managed to hold above the key support at $4.20, which has provided stability amidst the recent volatility . Analysts are closely watching for a breakout toward $4.50, which could signal further bullish momentum if buyers sustain the recovery​( Benzinga )​( Crypto Daily ).
Technical Analysis and Market Sentiment
Polkadot’s technical indicators remain mixed, with sentiment uncertain as the token struggles to build significant upward momentum. The MACD suggests that bears could still dominate, but consistent buyer activity around $4.20 is preventing further downside. Should DOT break past $4.50, it could push toward $5; however, failure to maintain current support might see it retest lower levels near $4​( Crypto Daily )​( Crypto Daily ).
Read More: https://onthenode.com/cryptocurrency/polkadot-shows-resilience-aiming-for-breakout-despite-uncertainty
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