đŁHey #CryptoCommunity!đ Polkadot's price is dancing around a bit, but don't sweat it! It's down 3% in the last 24hrs, likely due to the SEC and Ethereum ETFs buzz.
đHere's the scoop:
- DOT's been chilling in a flag pattern, hovering around the 200-day moving average.
- $6 is holding strong, but it's trying to break the $7.5 ceiling.
- If it does, a bullish run to $9 or more could be on the cards.đ
- But watch out! The bears are putting up a fight at $7.5.
â°On the 4-hour chart, the flag pattern is clearer. The price was recently rejected from the pattern's higher boundary. With the RSI <50%, a retest of the lower trendline could be coming.
đźFutures market analysis shows the most liquidity at $6.5, $8, and $10. A breakout could trigger a liquidation cascade, making things interesting.
What do you think, folks? Will DOT break through or are we in for another dip? Share your thoughts below!đ #DeFi #Polkadot #CryptoTalks