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Is Polkadot Bound for a Massive Move Following Consolidation Around $7? (DOT Price Analysis)
- Polkadot experienced a surge, reaching the upper threshold of $7.4 but faced resistance.
- The market is uncertain about its future direction and is expected to continue consolidating.
- On the 4-hour chart, Polkadot's price is confined within a range between $6 and $7.4.
- Futures market sentiment suggests a potential for a significant move if demand intensifies.
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