Despite negative price dynamics, the Polkadot (DOT) price may respond positively to a shift in investor sentiment.
According to the signals from several on-chain metrics, Polkadot's (DOT) chances of a bullish breakout from the downward channel are quite high.
Any shift in the attitude of DOT hodlers might have an impact on the Polkadot price. The CMF (Chaikin Money Flow) indicator shows this. This metric tracks the inflow and outflow of funds into and from an asset using the blockchain. Market participants rely on it to gauge the trajectory and intensity of a trend.
Sellers are taking the lead and money is fleeing the market when the value is negative. After nearly a month, the indicator for DOT finally entered the positive zone. This indicates that buyers are increasing their pressure on the price of Polkadot and that investors are re-engaging in the market.
