As reported by CryptoPotato, analyst Shayan’s technical analysis shows that Polkadot’s price is poised for a strong rebound in the medium term as it has reached an important and decisive support area, including the 0.5 and 0.618 Fibonacci retracement levels, as well as Dynamic support provided by the 100-day moving average. A closer inspection of the daily chart shows that Polkadot is down 30% from the year’s high of $11.9, but sellers have encountered strong resistance in the face of dynamic support provided by the 100-day moving average, which is closely aligned with the key Fibonacci retracement level. connected. This key support area is expected to prevent further downward pressure and the market is likely to witness a significant rebound in the medium term. However, it needs to be acknowledged that a sudden break below this key support zone could trigger a series of long-term liquidations that could result in a significant price drop to $7.2.