Polkadot price analysis
#Polkadot bounced off the moving averages on July 10, indicating a change in sentiment from selling on rallies to buying on dips.
The bulls will try to push the price to the overhead resistance of $5.64 while the bears will attempt to halt the recovery. The 20-day EMA ($5.11) is flattish but the RSI above 52 shows that the bulls have a slight edge. A break and close above $5.64 will complete a bullish inverse head and shoulder pattern, signaling a potential trend reversal.
If bears want to prevent the up-move, they will have to quickly yank the price below $4.97. The DOT/USDT pair may then drop to $4.74 and later to $4.50.
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