Polkadot’s Price Plunge: Just a Dip or a Bigger Crash Ahead?
Polkadot (DOT) has taken a hit recently, slipping below key price levels and sparking debate among traders. Is this just a temporary pullback, or is there a deeper issue at play?
Before the drop, DOT was trading above $6, fueled by optimism over a potential U.S. ETF approval. Now, it’s hovering around $4.80, struggling to reclaim $5. Analysts point to crucial resistance at $6.10 and major support near $4.28—if that level breaks, we could see an even steeper fall.
Despite the dip, some remain bullish, predicting DOT could reach between $5.82 and $18.01 in 2025, with long-term forecasts stretching as high as $50.90. But with market uncertainty and key support levels being tested, is this an opportunity to buy the dip or a warning sign of further downside?
What’s your take—are you holding, buying, or staying on the sidelines? Let’s discuss! ⬇️