$DOT Analysis –

🖕Fundamental Analysis:🖕

💥Purpose💥

: Polkadot is a multichain blockchain that allows interoperability between different blockchains (via parachains).

💥Founder💥:

Gavin Wood (co-founder of Ethereum)

Technology: Uses a unique Relay Chain + Parachains architecture.

💥Use Case:💥

Scalability, cross-chain transfers, and custom blockchain creation.

💥Staking:💥

DOT is used for governance and staking (approx ~12–15% APY on some platforms).

💥Technical Analysis💥

Key Support: $6.50

Resistance Zone: $8.20 – $8.50

RSI: Near 60 – slightly bullish

💥Market Sentiment:💥

Polkadot community still strong, but hype reduced compared to 2021.

💥Long-term💥 investors bullish due to Web3 narrative.

💥Short-term💥 traders watching breakout above resistance.

🖕Conclusion:🖕$

Short-term: Watch for breakout confirmation above $8.20.

Long-term: Strong fundamentals; good for portfolio diversification in Layer 0/1 sectors.

$DOT ..