Polkadot's price has shown a minor bullish retracement towards the previously breached lower trendline of the triangle pattern, indicating a slight reversal. Increased demand near $5.4 and diminishing bearish momentum are driving this uptick.
The price is oscillating between the $6.2 resistance and $5.5 support, with a potential bullish revival marked by a surge after multiple supports at $5.4. However, if sellers overcome buyers near the $6 resistance, a new bearish trend may initiate.
I would advise a cautious approach when investing in DOT Coin. Always do your own research and consider the risks involved before making any investment decisions.
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