$DOT is not “cheap” just because it’s at $1.09.
It’s down 7.60% today, with $7.30M in volume, and the last 4h window dropped another 5.9%. That’s real bearish pressure. ⚠️
But here’s the part worth watching: 4h RSI is 37, funding is -0.005%, and shorts are paying. A squeeze is possible if sellers finally run out.
Still, volume is only 0.1x the 20d average. That’s not conviction. The MAs are chopping, and this chart has burned me before.
$ETH holding up better doesn’t automatically save @polkadot.
At $1.00, I’m watching for a clean reclaim, not trying to catch the knife. 📉👀
Watching how $DOT reacts at that level?
#Polkadot #Crypto #Altcoin
It’s down 7.60% today, with $7.30M in volume, and the last 4h window dropped another 5.9%. That’s real bearish pressure. ⚠️
But here’s the part worth watching: 4h RSI is 37, funding is -0.005%, and shorts are paying. A squeeze is possible if sellers finally run out.
Still, volume is only 0.1x the 20d average. That’s not conviction. The MAs are chopping, and this chart has burned me before.
$ETH holding up better doesn’t automatically save @polkadot.
At $1.00, I’m watching for a clean reclaim, not trying to catch the knife. 📉👀
Watching how $DOT reacts at that level?
#Polkadot #Crypto #Altcoin