🔮 Polkadot (DOT) is at a crossroads 🚦, folks! After a swift drop to $6, it's been chilling there with minimal volatility. But, a breakout could be on the horizon. 🌅

📈 The daily chart shows a consolidation around $6, hinting at a significant move soon. Strong support at the 200-day moving average ($6.93) and the 0.618 Fibonacci level ($6.7) could push the price towards $9. 💪

🕓 The 4-hour chart reveals a sideways triangle pattern. A breakout above could mean a bullish continuation, with targets at the 0.5 ($7.4) and 0.618 ($7.8) Fibonacci levels. 🎯

📉 But, if it breaks below, we might see a bearish retracement to $6. 😬

🔥 The Binance DOT/USDT liquidation heatmap shows the $7 and $6 price zones have substantial liquidity. A move towards either could trigger a liquidation cascade, causing volatility and a possible short-term decline or surge. 🌊

What do you think? Will DOT crash to $6 or surge to $8? Share your thoughts below! 👇 #Polkadot #CryptoNews