$DOT Polkadot (DOT) Analysis for December 2, 2024

Polkadot (DOT) is currently trading near **$8.514**, reflecting ongoing consolidation in the broader crypto market. DOT has shown resilience despite slight market corrections, supported by robust developer activity and increasing parachain integrations. However, trading volumes have decreased, suggesting hesitation among investors.

**Bullish Factors:** DOT’s ecosystem expansion and staking rewards remain attractive for long-term holders. If Bitcoin maintains stability, DOT could break above the critical **$8.80** resistance.

**Bearish Factors:** A drop below **$8.50** may signal a retracement toward **$8.20**, especially if market sentiment weakens.

Targets

- **Buy Price:** $8.30

- **Target Price:** $9.00

- **Sell Price:** $9.20

**Outlook:** Neutral leaning bullish. Look for volume confirmation before entering positions. DOT’s ability to reclaim $9 will determine its short-term trajectory.$DOT