DOT is holding steady above the MM200 which is proving to be a powerful support, this is a positive sign as the buyers have not allowed the price to drop below the support line.
In a bearish scenario, DOT would break through the bullish channel, enter a corrective phase and move towards MM200. Already in a scenario where buyers are in power, DOT can transit through the channel and break it up to the level of 7,653, which is the most likely since Polkadot is super undervalued and its potential is enormous since it has the highest input of programming codes.
Here are the supports and resistances in the 4H:
Major support levels: 6,791 / 6,497 / 5,827
Main Resistance Levels: 7,120 / 7,414 / 7,619
In a bearish scenario, DOT would break through the bullish channel, enter a corrective phase and move towards MM200. Already in a scenario where buyers are in power, DOT can transit through the channel and break it up to the level of 7,653, which is the most likely since Polkadot is super undervalued and its potential is enormous since it has the highest input of programming codes.
Here are the supports and resistances in the 4H:
Major support levels: 6,791 / 6,497 / 5,827
Main Resistance Levels: 7,120 / 7,414 / 7,619
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.