📉 Polkadot's price is dancing around the $6.5 mark after dipping below the 200-day moving average. It's a bit of a cliffhanger, folks! 🍿

- If the bears break through, we could see a slide towards $5.5.

- But if the bulls charge, they'll aim for the 200-day ($7.1) and 100-day ($8.1) moving averages.

The 4-hour chart shows a recent uptrend hitting resistance at Fibonacci levels 0.5 ($7.4) and 0.618 ($7.8), leading to a decline.

Sentiment analysis suggests a possible bullish reversal if we see a return of demand in the market. The $6.9 mark is a key resistance area with substantial liquidity.

So, what's your take? Bull or bear? 🐂🐻 #Polkadot #CryptoMarket

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