$DOT Bullish Momentum Sparks Optimism!

Current Price: $6.141 (+7.87%)

24H High: $6.271

24H Low: $5.560

Market Overview:

Polkadot surged past the $6 resistance, testing $6.271 before retracing slightly. The strong bullish candle indicates buyers are in control, supported by increasing volume. The price is above the MA(7) at $6.166, suggesting short-term bullish momentum, while the MA(25) at $5.930 and MA(99) at $5.849 indicate solid support below.

Key Levels:

• Resistance: $6.27 – A break above could target $6.50 next.

• Support: $6.00 – Holds as critical for maintaining the uptrend.

Insights:

DOT’s volume spike signals growing interest, and holding above the $6 mark will likely bring more bulls into the game. Watch for potential profit-taking near $6.27 resistance, but sustained momentum may lead to further highs.

Trade Strategy:

• Bullish: Enter on breakouts above $6.27 or dips to $6.00 support.

• Bearish: Short below $5.85 if broader market sentiment weakens.

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