⭐️DOT Faces Resistance at $7.50, Possible Decline Ahead⭐️
Polkadot (DOT) faced strong resistance at $7.62, causing a sharp decline. After dropping, DOT found support at the 20-day SMA. The price then surged by 9.38%, reaching $7.58 as buyers stepped in.
If the price reverses, DOT could drop to $7.20 or $7. However, if DOT stays above $7 and breaks past $7.50, it could rise to $8 or higher. This week, DOT nearly broke $7.50, but resistance pushed it back down. The MACD indicator is bullish, and the RSI is neutral, suggesting room for a price increase.
Disclaimer: This post is for informational purposes only and not financial advice. Do your own research (DYOR).
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