🚀 Polkadot's been playing coy, folks! Stuck in a $6-$7.5 range, it's a tug-of-war between buyers and sellers. 🤼♂️
• DOT's been on a rollercoaster, with a bullish rebound towards the $7.5 resistance, but selling pressure's pushing it back.
• Short term, we might see a dip towards the $6 support. But a breakout's needed to clear the fog on DOT's future. 🌫️
On the 4-hour chart, an ascending wedge pattern's been spotted. If the lower threshold's breached, we might see a bearish trend. But if demand holds up, sideways consolidation could continue.
🔍 Sentiment analysis shows a potential liquidation event if DOT hits $7.5. This could cause a quick downturn, but market dynamics can change fast.
What's your take? Will DOT break free or continue the tug-of-war? Comment below! 👇 #Polkadot #CryptoNews #DeFi