Polkadot Price Analysis: $DOT Rebounds But Struggles To Move Past $6.50
Polkadot (DOT) registered a sharp drop during the week, as sellers pushed the price down to a low of $6.02. However, strong demand at lower levels ensured the price remained above $6, a crucial support level.
Despite rebounding on Friday, buyers have been unable to push DOT past the resistance at $6.50, with sellers actively defending the level.
Polkadot (DOT) Struggling To Push Above $6.50
Polkadot (DOT) has had an interesting week, during which its price rallied and then registered a significant drop. The cryptocurrency has registered a 4% increase during the past 24 hours, rebounding after spending several days in the red.
