$DOT APPROACHING A ZONE THAT COULD DEFINE ITS RECOVERY.
Polkadot has been recovering ground over the past few days and is now trading near US$1.23.
On the daily chart, the price managed to break above the 200-day EMA, which is around US$1.19—a key reference point for gauging the broader trend.
After several weeks of being held back by a downward trendline, DOT regained momentum and climbed to US$1.30 before entering a correction. Now, the price is approaching that zone again.
The first level to watch is US$1.25. Breaking above it with volume could create room for another attempt at US$1.30, which currently marks the recent high.
If it also manages to break through that zone, the next technical target lies higher, around US$1.35–US$1.38.
But the recovery still needs confirmation.
Buying activity did not increase enough during the latest advance, and open interest fell 2.45% in 24 hours. In addition, US$1.20 remains immediate support.
For now, DOT is in an interesting zone: above the daily 200-day EMA and approaching recent highs again.
#dot #crypto #TradingCommunity #TrendingTopic #AltSeasonComing
TRADE HERE 👇
Polkadot has been recovering ground over the past few days and is now trading near US$1.23.
On the daily chart, the price managed to break above the 200-day EMA, which is around US$1.19—a key reference point for gauging the broader trend.
After several weeks of being held back by a downward trendline, DOT regained momentum and climbed to US$1.30 before entering a correction. Now, the price is approaching that zone again.
The first level to watch is US$1.25. Breaking above it with volume could create room for another attempt at US$1.30, which currently marks the recent high.
If it also manages to break through that zone, the next technical target lies higher, around US$1.35–US$1.38.
But the recovery still needs confirmation.
Buying activity did not increase enough during the latest advance, and open interest fell 2.45% in 24 hours. In addition, US$1.20 remains immediate support.
For now, DOT is in an interesting zone: above the daily 200-day EMA and approaching recent highs again.
#dot #crypto #TradingCommunity #TrendingTopic #AltSeasonComing
TRADE HERE 👇
