$DOT /USDT: Polkadot Declines Amid Broad Market Weakness

DOT/USDT is trading at $8.101, reflecting a 4.78% drop over the last 24 hours. Polkadot is under selling pressure, testing key support levels with moderate trading activity.

Key Data Points:

24h High: $8.600

24h Low: $7.550

24h Volume (DOT): 20.32M DOT

24h Volume (USDT): $164.37M

Trade Strategy:

Long Position: Enter above $8.200, targeting $8.600 and $9.000. Set a stop loss at $7.850.

Short Position: Enter below $7.750, aiming for $7.500 and $7.000. Set a stop loss at $8.050.

Market Outlook:

DOT/USDT is currently testing support near $7.750. A sustained rebound from this level could push the price back toward $8.600 resistance. However, a failure to hold above $7.750 may lead to further declines, potentially targeting $7.000. Traders should closely monitor market sentiment and volume for further clarity.

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