Polkadot (DOT) has experienced a significant price surge in the last 24 hours, increasing by over 10%. Over the past 30 days, the price has risen by an impressive 178.44%. However, technical indicators suggest that the bullish momentum may be losing steam. The RSI and CMF indicators both show signs of weakening buying pressure. Although DOT's RSI remains in bullish territory at 62, it has cooled off after briefly exceeding 70, indicating a slight slowdown. The CMF, which measures the flow of money into and out of an asset, has also decreased, suggesting a potential slowdown. Despite these indicators, DOT's EMA lines remain bullish, with short-term lines above long-term ones, indicating ongoing upward momentum. If the buying pressure continues to fade, the price of DOT could test the support level at $8.4, potentially dropping further to $7.5 if that support fails. On the other hand, if the uptrend regains strength, DOT could aim for a key resistance at $11.6, potentially pushing the price toward $12, a level not seen since April 2022.



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