📉🔮 #Polkadot's price has been on a rollercoaster ride, with a steep drop recently. But hey, don't lose hope just yet! A bullish rebound might be just around the corner.🤞

📊 Daily Chart:

- Price has been in a free fall since being rejected at the $12 level.

- Broke below the bullish trendline formed since Oct 2023.

- The $7 mark, a 200-day moving average, has also been breached.

- The $4 support zone seems to be the next target.

📈 4-Hour Chart:

- An ascending channel pattern is forming.

- If the channel breaks down, we might see a crash towards the $4 zone.

- But a breakout above the channel could kickstart a bullish trend.

💡 Sentiment Analysis:

- Despite the bearish trend, futures market data hints at a potential rebound.

- A potential liquidity pool above the $7 level could trigger a short-term pullback.

What's your take on this? Bullish or bearish? Let's chat in the comments! 💬 #DeFi #cryptocurrency

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