I started in 2021, if I survive this last open operation with Solana/usdt I'll tell you about my experience in these 4 months of trading in futures. Regards and good night! #Solana #futuro #apalancamiento #estrategia
all altcoins corrected due to the drop of BTC due to Trump's measures. The market will recover
CoinEdition
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Polkadotâs Price Drop: A Temporary Setback or More?
Polkadot (DOT) recently faced a sharp drop, creating uncertainty about its future.
Key support levels are $4.55, $4.28, and $3.60, crucial for stability.
Experts believe Polkadot may surge past $50, possibly revisiting its $55 high.
Polkadot (DOT) has taken a hit, with its price dropping sharply and leaving many to wonder whatâs next. This isnât just a small dipâitâs a major setback for the cryptocurrency, causing some concern about its short-term future.Â
Before this drop, Polkadot had been trading above $6, riding a wave of optimism, with its price rising over 12% amid hopes that a Polkadot exchange-traded fund (ETF) could soon launch in the United States. The excitement kicked off last week when digital asset manager 21Shares filed with the Securities & Exchange Commission to launch a Spot Polkadot ETF.
Polkadot Price: Key Levels to Watch
Polkadot is currently in a correction phase after reaching a high. The price is currently trading near the $4.80 level and is trying to break above the $5 target. DOT closed the previous session at $5.14 and key resistance levels are at $6.10 and $5.94.Â
đŽHigh alert updatesđš As of February 5, 2025, Solana (SOL) is trading at approximately $206.18, with an intraday high of $219.40 and a low of $202.45.
Technical analysis identifies key support and resistance levels for SOL:
Support Levels:
$197.05 (1st support)
$190.83 (2nd support)
$179.47 (3rd support)
Resistance Levels:
$214.63 (1st resistance)
$225.99 (2nd resistance)
$232.21 (3rd resistance)
Additionally, the $190 level has been highlighted as a significant support zone, with the next resistance levels around $260 and $300.
Monitoring these levels can assist traders in making informed decisions, as prices often react at these points due to shifts in supply and demand dynamics. $SOL