Polkadot (DOT): Ready for the next jump? 🚀
The market is on the move and Polkadot (DOT) is no exception! With a current price of $9.05 USD, DOT has shown an impressive growth of 112% in the last month. 📈
🔍 4H Technical Analysis:
• Key Support: $8.60 USD, where buyers have defended the price.
• Critical Resistance: $9.50 USD, a level that, if broken, could take DOT towards $10 USD or higher.
• Positive Indicators: The RSI suggests bullish momentum, although we are approaching overbought levels. The moving averages confirm the positive trend.
🎯 What to expect?
If DOT maintains its strength, we could see new local highs soon. However, don't forget to manage risks in the face of possible corrections towards $8.00 USD.
Already trading DOT? Share your strategies and predictions with me in the comments. Let's go for more! 💪
