menu
techminis

A naukri.com initiative

google-web-stories
source image

TronWeekly

3w

read

218

img
dot

Image Credit: TronWeekly

Polkadot Price Dips to $3.36, Can DOT Bounce Back to $6.50?

  • Polkadot's DOT price stands at $3.36, reflecting a 10.47% weekly decline.
  • A descending triangle pattern indicates potential bounce from $3.40 support.
  • Forecast for 2025 varies from highs of $7.41 to lows of $3.46.
  • DOT is in a critical market phase with waning trading volume at $132.22 million.
  • Technical analysis suggests a bounce opportunity from the descending triangle on the daily chart.
  • Thinning volumes near support suggest market indecision with possible breakout.
  • Price recovery targets are set at $3.80, $4.30, $5.40, and $6.50 upon resistance breakout.
  • 2025 predictions range from $7.41 to $3.49, reflecting mixed outlooks.
  • Regulatory and macroeconomic shifts will affect Polkadot's trajectory.
  • Failure to hold support at $3.40 could lead to downside risk for DOT price.
  • Confirmation indicators crucial before establishing new trading positions.
  • Market awaits signs for potential DOT bounce or consolidation period.
  • Polkadot Price Analysis: DOT Eyes $6.50 if Support Holds

Read Full Article

like

13 Likes

For uninterrupted reading, download the app