CandleFocus Polkadot Eyes Upside After Correction: Key Resistance Targets to Watch
2024-09-07
Author: Content Editor
Polkadot's (DOT) price has been struggling and dropped below key levels after briefly rising to $5.11 in August. Sellers have been dominating, keeping DOT near the $4 support zone. Traders are watching for potential upward movements and key indicators to see if DOT will hold or break the $4 support. If it breaks, DOT may test the multi-year support level of $3.62. However, if buyers regain control, DOT could retest resistance levels around $4.50. Analysts expect a potential upward move after a recent correction, with resistance targets of $4.282, $4.717, and $5.097. Polkadot's partnership with Inter Miami could help boost interest and aid in regaining lost ground. The outcome will depend on whether buyers can push the price upwards or if bearish sentiment prevails.
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