Polkadot ($DOT ) - the current price is around $4.48 - $4.72 USD.

DOT

4.598

-4.82%

Over the past 24 hours, the price has shown a slight decline. Trading volume remains moderate. $DOT has broken through the lower boundary of the ascending trend channel in the medium term, which may signal the beginning of a stronger decline.

Support and resistance:

Strong support is noted in the area of $3.70 - $3.40.

The nearest resistance is in the area of $5.30 - $5.50.

Upcoming forecasts and prospects:

• Short-term decline: Given the breakdown of the lower boundary of the ascending channel and some bearish short-term forecasts, there is a likelihood of further price decline in the coming days aiming to find support in the area of $3.70 - 3.40.

• Bounce potential: If $DOT holds above key support levels, a bounce back to resistance levels of $5.30 - 5.50 may occur.