Polkadot (DOT) Maintains Stability Above $4.8 Amid Market Volatility
Polkadot (DOT) remains stable above the $4.8 support level amidst broader market volatility. Key points include:
- Polkadot shows resilience, maintaining support while other altcoins struggle.
- Bulls are attempting to build momentum toward the $6.2 resistance level.
- Current price action reflects strong buying interest at the $4.8 zone.
- The Relative Strength Index (RSI) is approaching 50%, indicating potential equilibrium between buying and selling pressures.
Future scenarios for Polkadot include:
- A breakout above $6.2 could lead to resistance levels of $7.7 and $9.8, with a potential retest of $11.9.
- If DOT falls below $4.8, it may decline to $3.5 or $1.9, increasing bearish risks.
- Market sentiment and technical indicators will influence upcoming price movements.
