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Polkadot Recovery Stalls As Bearish Pressure Returns With $3.5 In Sight

Author: Content Editor
The cryptocurrency Polkadot (DOT) is facing renewed bearish pressure, causing its recent recovery attempt to lose momentum. The price is being driven back toward the crucial support level of $3.5. The market is uncertain whether the bulls can defend against further declines or if the bears will drive the price even lower. Technical analysis shows that Polkadot is exhibiting strong bearish momentum and is trading below key moving averages, indicating a potential decline toward $3.5. The Relative Strength Index (RSI) also suggests increasing bearish pressure. If Polkadot falls below $3.5, it could experience additional declines, potentially targeting $1.9. However, if Polkadot holds above $3.5, a rebound could occur, with potential resistance levels at $4.8 and $6.2. The $3.5 mark is therefore a significant level to watch for determining the future price movement of Polkadot.

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