Hi Folks,

This market is quite harsh on few of the altcoins. Polkadot (DOT) has faced challenges in its recovery. There is no obivous reason apart from big player focusing on main stream coins for now.

Current Support and Resistance Levels:

As of December 19, 2024, Polkadot’s price is approximately $6.93.

Technical analysis identifies the following key levels:

• Support Levels:

• $6.38: A significant support level that, if breached, could indicate further downside potential. 

• $5.00: A critical support zone that has previously acted as a floor during market downturns. 

• Resistance Levels:

• $7.53: Immediate resistance that DOT needs to surpass to signal potential recovery. 

• $8.28: A higher resistance level that, if broken, could indicate a stronger bullish trend. 

Keep eyes on major support and resistances. I still believe this chain has big potential and will give a big return to its investers.

All the best 😉😉😉