HODL and meditation... ๐ง๐พ๐๐๐
See my article below and understand. ๐๐พ๐๐พ
#polkadot2.0 #BinanceSquare $DOT
See my article below and understand. ๐๐พ๐๐พ
#polkadot2.0 #BinanceSquare $DOT
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NoPainNoGainBrazil
ยท
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๐ฅ DOT Breaks a Crucial Resistance: What to Expect Above $1.20? ๐
Polkadot (DOT) has just validated one of the most anticipated moves, breaking through the technical barrier around $1.20. But what is driving this buying pressure in the ecosystem, and what are the next targets on the chart?
Below, we detail on-chain metrics, recent structural changes in the network, and the technical analysis for the coming weeks.
๐ Technical Analysis: The Breakout Above $1.20
* The 200-Day Moving Average (EMA 200): The $1.20 to $1.21 region was acting as the primary resistance of the 200-day EMA. A break above this level is a strong technical signal of a trend reversal, drawing in institutional volume and momentum traders.
Below, we detail on-chain metrics, recent structural changes in the network, and the technical analysis for the coming weeks.
๐ Technical Analysis: The Breakout Above $1.20
* The 200-Day Moving Average (EMA 200): The $1.20 to $1.21 region was acting as the primary resistance of the 200-day EMA. A break above this level is a strong technical signal of a trend reversal, drawing in institutional volume and momentum traders.
