๐Polkadot's price has been on a bit of a rollercoaster ride recently, but things might be looking up! ๐ข
- DOT's been making lower highs & lows since March, even breaking below the $9 mark.
- It's currently testing the 200-day moving average after a rebound from the $6 support zone. If it climbs back above, we could see a recovery toward $9. ๐
BUT, let's not get ahead of ourselves. The RSI is nearing the overbought area, which could signal a bearish reversal. ๐ฌ
Despite the recent price decline, the market might be forming a bottom. If enough supply comes in, DOT could see a rise in value. ๐
What do you think? Is a recovery on the horizon? Drop your thoughts below! ๐ #Polkadot #DeFi