$DOT Polkadot (DOT) Analysis - December 1, 2024

Today, Polkadot (DOT) shows mixed signals, with a slight lean toward **bullish momentum**. DOT is currently trading near $9.054, a critical support level. Market sentiment suggests increased interest due to Polkadot’s consistent network upgrades and robust parachain ecosystem.

Short-term technical indicators like RSI hover near neutral levels, but a slight uptick in buying pressure could push DOT toward resistance at $9.50. If the momentum continues, a breakout to $10 is plausible. Conversely, failure to hold above $9.00 may result in a drop toward $8.80.

**Buy Price:** $8.90

**Target Price:** $10.00

**Sell Price:** $9.50

**Conclusion:** Traders should monitor DOT's performance closely, as breaking resistance at $9.50 could spark significant gains. However, maintain caution if the price falls below $9.00. This setup favors a cautious bullish stance.$DOT