Polkadot ($DOT ) / USDT Todayโs Analysis โ Will DOT Rebound? ๐
Polkadot (DOT) is currently facing bearish pressure but remains a coin to watch. Hereโs the latest analysis:
๐ด Current Price: $7.06 (as of Jan 18, 2025)
๐ด Intraday High: $7.60
๐ด Intraday Low: $7.01
๐ Key Levels to Watch:
Resistance Levels: $7.60, $7.88
Support Levels: $6.75, $6.54
๐ Technical Overview:
The market sentiment is leaning bearish, with the Fear & Greed Index showing Greed (61).
DOT is trading near its support zone, and a breakdown below $6.75 could push prices further down.
A short-term bounce is possible if DOT holds its support and surpasses $7.60 resistance.
Click and trade here ๐$DOT ๐
๐ฌ Outlook:
Traders should monitor key support and resistance levels as DOT consolidates. A breakout above $7.60 could signal bullish recovery, while a drop below $6.75 might extend the bearish trend.
๐ Stay updated for more insights as Polkadot navigates the current market conditions!
Click and trade here ๐ $DOT ๐
