🚀 Polkadot (DOT) Market Analysis – Key Support & Resistance Levels
📊 Current Price: $4.13
📉 Support Levels: $4.20 → $3.50 → $3.00
📈 Resistance Targets: $4.70 → $5.20
🔍 Key Observations:
✅ DOT recently tested $4.70 but faced rejection.
✅ Now struggling near $4.20, which previously acted as strong support.
✅ Closing two daily candles above $4.20 could indicate bullish momentum toward $5.20.
✅ Failure to reclaim $4.20 may lead to a downtrend towards $3.50 and then $3.00.
📈 Bullish Scenario:
🔹 Holding above $4.20 can push DOT towards $5.20, provided it maintains buying pressure.
🔹 Breakout above $5.20 could indicate a shift towards a long-term uptrend.
📉 Bearish Scenario:
❌ Losing $4.20 could trigger a slow descent to $3.50 and eventually $3.00.
❌ If the market weakens further, DOT could test $2.00 in the long run.
📢 Final Thoughts:
DOT is at a crucial decision point! Holding $4.20 is key to avoiding a bearish breakdown. The next 24-48 hours will be critical for defining DOT’s short-term direction.
💬 What’s your outlook on DOT? Share your thoughts below! 👇