$DOT $DOT

Polkadot (DOT/USD) Analysis: Watch for Key Moves at $8.027

Polkadot (DOT) is currently trading at $8.027, positioning itself at a crucial level for potential price action. The immediate support at $7.80 is critical—failure to hold this could send DOT toward $7.50 and $7.20. On the upside, $8.50 is the key resistance zone, and a breakout above could push the price towards $9.00 and $9.50.

Technical indicators reveal a neutral yet bullish sentiment, with the RSI around 55 and the MACD showing signs of upward momentum. The 50-day moving average at $8.10 offers short-term support, while the 200-day at $9.20 serves as a longer-term resistance.

Entry Strategy:

Bullish: Buy above $8.50, targeting $9.00 and $9.50, with a stop-loss below $7.80.

Bearish: Consider shorting below $7.80, targeting $7.50 and $7.20, with a stop-loss above $8.50.

Polkadot is at a make-or-break point—monitor these levels closely and execute with precision for maximum reward.

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