$DOT
DOT/USDT Technical Analysis ๐
Polkadot (DOT) is currently priced at $7.555, facing resistance after a recent dip ๐. The price is testing its crucial support level near $7.60, a key zone for buyers. If it holds, a rebound could be on the horizon.
Key Levels to Monitor:
Support: $7.60 โ If this breaks, DOT could drop to $7.40, a deeper support level.
Resistance: $7.80 โ Bulls need to break this to target $8.00, a significant psychological level.
Trade Strategy:
Bullish: If DOT holds above $7.60, look for a breakout above $7.80 with strong volume, aiming for $8.00โ$8.10.
Bearish: A break below $7.60 could lead to further selling, with $7.40 as the next target.
DOT is at a crucial pointโwill the bulls defend the support or will the bears take over? ๐จ Stay alert, watch for confirmation, and trade with caution! ๐