Polkadot has emerged as a key player in the blockchain ecosystem. However, recent price action has left many wondering: is Polkadot teetering on the brink of mass liquidations?

A Closer Look at Polkadot’s Price Action

To understand Polkadot’s current predicament, we must first examine its recent price action. Over the past few weeks, Polkadot has been trapped in a tight trading range, with the $6 support level and the $7.5 resistance level acting as formidable barriers.&middot

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