What Next For Polkadot #DOT
As we have seen, buyers are vigorously defending DOT’s support levels at $4 and $3.62. If sellers retain control, we could see DOT drop back to $4 and rebound. However, should this level be breached, the $3.62 support level will come into focus. On the other hand, buyers will do all they can to retake the session. Should such a scenario arise, DOT will push above the 20-day SMA. A break above this level opens the door for a move to $4.50. However, for this to happen, buyers must ensure demand does not dry up at higher levels. If DOT is able to close above $4.50, a move back to $5 could become a possibility. A bullish MACD currently gives the bulls the advantage