Polkadot (DOT) Price Stabilizes, Potential Short-Term Rally Anticipated
Polkadot (DOT) is stabilizing after recent volatility, suggesting a potential upward move as buyers engage. Key resistance levels are being monitored for possible short-term rallies.
Market Sentiment Improves
- DOT remains above the $3.5 support zone.
- Stability indicates reduced selling pressure and growing bullish momentum.
- Improved market confidence reflected in steady buying interest and decreased bearish activity.
- A decisive move above key resistance levels is necessary for sustained recovery.
The MACD indicator shows a gradual rise, hinting at a potential shift in momentum with increased buying interest. Continuation of this trend may indicate an impending breakout.
Short-Term Rally Or Fakeout? Key Levels To Monitor
- Breakout above $4.8 could confirm upside momentum, enabling targets at $6.2 and $7.7.
- If upward movement fails, a retracement toward $3.5 may occur.
- Monitoring price action around critical levels and technical indicators is essential.
