$DOT 🚀🔥 Polkadot (DOT) Bear Flag at Chart: Breakdown Threat Looms as Sellers Dominate 📉⚠️

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🦑🦑Polkadot (DOT) is showing a classic bear flag pattern, signaling the market may be preparing for another leg down if buyers don’t step in soon 🌪️🎯. After sliding sharply below $6.50, DOT has bounced inside a weak upward channel, forming the textbook flag consolidation 🧊🥀. This structure suggests that the current pause could be temporary before renewed downside momentum. On-chain flows confirm caution, with whale wallets steadily moving tokens to exchanges and reducing their balances 🐋🎒.

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📉📉Momentum indicators remain bearish. The RSI sits near 36, highlighting sustained weakness and limited buying enthusiasm 🍉🧭. MACD histograms are still negative, while short-term moving averages have rolled over in clear bearish alignment 🍋🎢. Volume is fading during each small bounce inside the flag, underscoring the lack of conviction among buyers 🎯🦕. Derivatives data shows funding rates drifting into negative territory as open interest climbs, signaling that traders are positioning for further declines 🌵🔥. If DOT loses $6.20 support decisively, price could quickly drop toward the $5.70–$5.80 area 🚧🐚.

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🍀🍀Fundamentally, Polkadot remains one of the leading multichain networks, with parachain development and ecosystem partnerships expanding steadily 📡🌈. However, in the near term, these positive fundamentals are being outweighed by technical weakness and broader market caution 🦥🌫️.

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🧭🧭Traders should watch $6.20 carefully. A breakdown on strong volume would confirm the bear flag and likely trigger heavier selling, while a fast recovery above $6.50 might offer a short-term relief rally.