#BinanceHODLerTOWNS Why is the price of DOT rising?
Polkadot (DOT) rose by 3.55% to $3.72 in the last 24 hours, surpassing the overall crypto market gain of 1.93%. Key factors:
1. Reduction of the collateral ratio on Binance (from 80% to 75%) for margin trading of DOT, which decreases the risk of liquidation.
2. Technical rebound from the support zone of $3.44-$3.53, in line with bullish patterns on the charts.
3. Analysts' optimism about a potential breakout and improvements in the ecosystem such as Elastic Scaling.
#MarketRebound The rebound of DOT reflects a combination of tactical moves (Binance policy + technical analysis) and moderate optimism about improvements in the network. However, the 11.49% rise in 30 days leaves DOT 19.46% below its peak in 2024, showing that some skepticism persists.
Key point to watch: Can DOT stay above $3.68 (current pivot point) before the activation of Elastic Scaling? If not, it may retest support at $3.44.