DOT just made history — the wrong kind. 📉
Polkadot printed a brand-new ALL-TIME LOW of ~$0.68 this weekend, then bounced a little to ~$0.74. It now sits ~98.7% below its $54.98 all-time high from Nov 2021.
The damage: -15% this week, -38% in 30 days, -64% this year. DOT trades way under its 50-day average ($1.05) and 200-day average ($1.00).
Levels to watch — support: $0.68 (the new ATL), then $0.70. Resistance: $0.785 (today's high), then the 20-day average at $0.88.
And here's the twist: the fundamentals actually moved this week. Polkadot governance approved a shift to consumer products and a DOT-backed stablecoin plan with 97% referendum support. The chart just hasn't heard the news yet.
$BTC ~$65,600, holding above the $62,006 weekend low. Fear & Greed at 10.
Spot $DOT here is either catching a falling knife — or buying the cheapest DOT in history. Which one is it?
Not financial advice. DYOR.
#Polkadot #Crypto #Altcoins
Polkadot printed a brand-new ALL-TIME LOW of ~$0.68 this weekend, then bounced a little to ~$0.74. It now sits ~98.7% below its $54.98 all-time high from Nov 2021.
The damage: -15% this week, -38% in 30 days, -64% this year. DOT trades way under its 50-day average ($1.05) and 200-day average ($1.00).
Levels to watch — support: $0.68 (the new ATL), then $0.70. Resistance: $0.785 (today's high), then the 20-day average at $0.88.
And here's the twist: the fundamentals actually moved this week. Polkadot governance approved a shift to consumer products and a DOT-backed stablecoin plan with 97% referendum support. The chart just hasn't heard the news yet.
$BTC ~$65,600, holding above the $62,006 weekend low. Fear & Greed at 10.
Spot $DOT here is either catching a falling knife — or buying the cheapest DOT in history. Which one is it?
Not financial advice. DYOR.
#Polkadot #Crypto #Altcoins