$DOT loses $0.90 next, and I’ll call the bounce thesis dead.
I’m owning that call. At $0.9480, DOT is down 2.07% today and 2.8% in the latest 4h window. RSI sits at 41, while price stays below both the 20d and 50d MAs. Ugly chart. 📉
But volume is only 0.1x the 20d average, so this isn’t heavy conviction selling yet. Funding is positive at 0.008%, meaning longs are still paying while $BTC remains the market’s gravity well.
If $DOT tags $0.90, I’m watching for a flush and reclaim, not blindly chasing weakness. If it holds, I’ll admit the bears got too comfortable. 🔥
Does $DOT reclaim $1 first, or lose $0.90?
#Polkadot #Layer1
I’m owning that call. At $0.9480, DOT is down 2.07% today and 2.8% in the latest 4h window. RSI sits at 41, while price stays below both the 20d and 50d MAs. Ugly chart. 📉
But volume is only 0.1x the 20d average, so this isn’t heavy conviction selling yet. Funding is positive at 0.008%, meaning longs are still paying while $BTC remains the market’s gravity well.
If $DOT tags $0.90, I’m watching for a flush and reclaim, not blindly chasing weakness. If it holds, I’ll admit the bears got too comfortable. 🔥
Does $DOT reclaim $1 first, or lose $0.90?
#Polkadot #Layer1