$DOT $DOT

Polkadot (DOT) / USD Analysis – Price Holding at $7.557

Polkadot (DOT) is showing resilience at $7.557, presenting both challenges and opportunities for traders. Key support at $7.50 has proven reliable, while resistance at $7.80 marks the next significant hurdle. A breakout above this level could ignite a rally toward $8.20 and beyond, aligning with Polkadot’s long-term bullish potential.

From a technical standpoint, DOT is trading above its 50-day moving average, signaling strength. However, the 200-day MA at $7.80 aligns with resistance, creating a decisive battle zone. The RSI near 55 suggests moderate buying pressure, while the MACD hints at a cautious bullish trend.

For traders, a strategic entry point around $7.50 can leverage the strong support zone, with a target of $7.80-$8.20. A stop-loss just below $7.40 helps manage downside risk. Watch for a breakout confirmation above $7.80 to capitalize on upward momentum.

With Polkadot’s ecosystem growth driving demand, this is a compelling moment to monitor. Will the bulls take charge, or will consolidation continue? The coming sessions will reveal the next chapter in DOT’s story.

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