$DOT

/USDT Technical Analysis: Eyes on the Prize 🎯

Polkadot (DOT) is currently trading at $8.408, showing slight bearish momentum but holding above key support levels. Here’s a quick breakdown with 3 targets for traders:

Current Market Insight

24h High: $10.500

24h Low: $8.042

Volume (24h): 62.34M DOT ($559.88M USDT)

Key Levels to Watch

1️⃣ First Target - $9.200

A minor resistance lies at $9.20. If DOT can break above this level with strong volume, it could signal the start of a recovery.

2️⃣ Second Target - $10.000

The psychological level of $10 acts as a significant barrier. Clearing this would confirm bullish momentum, aligning with the 24h high seen earlier.

3️⃣ Third Target - $11.300

This is a major resistance level. If DOT reaches here, we could witness increased trader activity and the potential for long-term uptrend development.

Support Zone

Strong support is observed at $8.000. A breakdown below this may lead to a further decline, so keep an eye on volume at this level.

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