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Ethereum (ETH) has maintained a price above $3,000, closing the week with a 2% increase. This positive trend indicates that the market correction may be nearing its end. The current resistance level is at $3,400, and if buyers can sustain the price above this key support, another breakout attempt is likely. Ripple (XRP) experienced flat price action, with resistance at 54 cents. Until volume returns, price action is unlikely to change significantly. XRP's price may continue to move under the key resistance at 54 cents, with good support at 50 cents. Cardano (ADA) seems to have found support at 45 cents and is showing signs of upward movement. If the price remains above 45 cents, ADA could recover some of its April losses. Momentum indicators suggest a potential return of buyers. Shiba Inu (SHIB) closed the week with a 3% price increase, with current resistance at $0.000025. If buyers break this key resistance, SHIB could resume its uptrend. Polkadot (DOT) has been holding well above $6, with resistance at $7.6. Momentum indicators are curving up, suggesting a potential rally. DOT has been consolidating above key support and appears ready for its next major move.

Ethereum (ETH) has maintained a price above $3,000, closing the week with a 2% increase. This positive trend indicates that the market correction may be nearing its end. The current resistance level is at $3,400, and if buyers can sustain the price above this key support, another breakout attempt is likely.

Ripple (XRP) experienced flat price action, with resistance at 54 cents. Until volume returns, price action is unlikely to change significantly. XRP's price may continue to move under the key resistance at 54 cents, with good support at 50 cents.

Cardano (ADA) seems to have found support at 45 cents and is showing signs of upward movement. If the price remains above 45 cents, ADA could recover some of its April losses. Momentum indicators suggest a potential return of buyers.

Shiba Inu (SHIB) closed the week with a 3% price increase, with current resistance at $0.000025. If buyers break this key resistance, SHIB could resume its uptrend.

Polkadot (DOT) has been holding well above $6, with resistance at $7.6. Momentum indicators are curving up, suggesting a potential rally. DOT has been consolidating above key support and appears ready for its next major move.

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Polkadot (DOT) is currently experiencing a tug-of-war between buyers and sellers, with the token's price consolidating around the substantial resistance region of $7.4. The market is in a critical position, with the upcoming price action expected to shed light on DOT's future prospects. Technical analysis of Polkadot's daily chart reveals an uncertain market state. The RSI indicator is consolidating near the 50 threshold, signifying a balance between buyers and sellers. The market is in a decisive position, with participants expecting a short-term rejection towards the $6.5 threshold. However, a surge above this critical resistance region could trigger a massive short-squeeze, increasing bullish momentum. The 4-hour chart shows a slight ascent, with the price forming an ascending wedge pattern. This pattern typically indicates a potential continuation of the initial bearish trend if breached from its lower boundary. Currently, DOT is struggling with substantial resistance, failing to surpass the 0.5 ($7.4) and 0.618 ($7.6) Fibonacci retracement levels. Sentiment analysis reveals a balanced value of long and short positions in the market. The Long/Short Accounts Ratio has been decreasing, suggesting that the long side is primarily made up of retail traders with smaller average position sizes, whereas the short side likely comprises institutional investors with larger average positions. The decline in the metric indicates a slight increase in the average position size of institutional investors on the short side, potentially leading to heightened selling pressure for Polkadot.
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