Polkadot (DOT/USDT) Consolidates at Key Support as Price Action Signals Further Decline

DOTUSDT Long-term Analysis: Bearish

The market sentiment for the crypto trading pair Polkadot against Tether appears to be neutral to bearish in the short term, as downward pressure is evident following the last price peak. However, the price is below the 20-period moving average and is testing the lower Bollinger Band.

From another perspective, the recent price action shows consolidation. Still, there’s potential for further downside if the support levels are broken as the Stochastic RSI signals drop in momentum from the overbought zone.

#dot #Write2Earn #FOMCMeeting #EthereumTurns10 #ETHCorporateReserves $DOT