📣Calling all BTC enthusiasts! Let's take a look at Polkadot

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📣Calling all BTC enthusiasts! Let's take a look at Polkadot's (DOT) recent market performance. 📈 Despite a significant dip in April, DOT's price remains rangebound. Over the past 24 hours, it has slipped by more than 3%, possibly due to the recent SEC developments and the approval of spot Ethereum ETFs. Meanwhile, the broader market is at a crucial point. 🎯 On the daily chart, DOT's price has been consolidating within a flag pattern, hovering around the 200-day moving average. The $6 level is holding strong, with attempts to break above the 200-day moving average around $7.5. If successful, we could see a bullish run towards $9 and beyond! 🚀 However, the bears have put up a strong resistance at $7.5. The 4-hour chart shows a bearish shift in momentum, with the RSI dropping below the 50% mark. A retest of the lower trendline seems likely in the short term. 📉 Looking at the DOT/USDT Binance liquidation heatmap, the $6.5 and $8 levels contain the most liquidity close to the current price. A breakout could trigger a liquidation cascade and intensify the move. The $10 level holds the most liquidity, making it a key zone if the price begins to rise. 🎲 Stay tuned for more updates! 📰👀

📣Calling all BTC enthusiasts! Let's take a look at Polkadot's (DOT) recent market performance. 📈
Despite a significant dip in April, DOT's price remains rangebound. Over the past 24 hours, it has slipped by more than 3%, possibly due to the recent SEC developments and the approval of spot Ethereum ETFs. Meanwhile, the broader market is at a crucial point. 🎯
On the daily chart, DOT's price has been consolidating within a flag pattern, hovering around the 200-day moving average. The $6 level is holding strong, with attempts to break above the 200-day moving average around $7.5. If successful, we could see a bullish run towards $9 and beyond! 🚀
However, the bears have put up a strong resistance at $7.5. The 4-hour chart shows a bearish shift in momentum, with the RSI dropping below the 50% mark. A retest of the lower trendline seems likely in the short term. 📉
Looking at the DOT/USDT Binance liquidation heatmap, the $6.5 and $8 levels contain the most liquidity close to the current price. A breakout could trigger a liquidation cascade and intensify the move. The $10 level holds the most liquidity, making it a key zone if the price begins to rise. 🎲
Stay tuned for more updates! 📰👀