In the past four hours, DOT/USDT has been showing a slight downward movement. The price has fluctuated between $4.70 and $4.77, reflecting a small decline of approximately 0.94% within this period. The support level is noted at around $4.20, where buying interest could drive a potential rebound if the price approaches this zone. On the other hand, the resistance level is seen near $4.80, a key threshold where selling pressure has previously emerged. A break above this could lead to further upside momentum, with a target near $5.00, marking a psychological resistance.
Despite the recent slight downturn, Polkadot's fundamentals, particularly in its blockchain ecosystem, continue to show long-term growth, driven by its technological capabilities. Traders should closely monitor these key price levels for any potential breakout or reversal as the market sentiment remains active.
