The price of Polkadot (DOT) has experienced a significant drop, leading to concerns about its short-term future. Prior to the drop, DOT had been trading above $6, fueled by optimism surrounding the potential launch of a Polkadot exchange-traded fund (ETF) in the United States. Currently, Polkadot is in a correction phase, attempting to break above the $5 target. Key resistance levels are at $6.10 and $5.94, while support levels are at $4.55 and $4.28. A key support level is around $3.60, and a break below this level could indicate a larger decline. Despite the decline, some experts remain positive about Polkadot's future, anticipating a potential surge past $50 by 2025.



Other News from Today