$DOT

🚀 DOT/USDT Technical Analysis: Is Polkadot Ready to Rally? 🚀

Polkadot (DOT) is holding strong at $8.513, with traders eyeing its next big move! The recent price action shows consolidation near this level, signaling that DOT could be building momentum for a breakout. Here's what to watch:

🔑 Support Levels:

Immediate support lies at $8.30, where buyers have previously stepped in.

A stronger floor exists around $8.00, which has acted as a solid safety net in recent sessions.

🔑 Resistance Levels:

First resistance stands at $8.70—a breakout above this could ignite bullish momentum.

The next major hurdle is $9.00, a key psychological level that traders will closely watch.

🎯 Trading Strategy:

For bulls: Look for a breakout above $8.70 with strong volume to enter long positions. Target $9.00 and beyond.

For bears: If DOT loses $8.30, consider short opportunities toward the $8.00 support zone.

📊 Indicators to Watch: RSI and MACD can provide confirmation of momentum shifts. DOT is gearing up—will it soar or correct? Stay vigilant and trade wisely! 🚀

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