$DOT is not dead. The market is just bored.
Down 6.59% today to $1.09, with the last 4h down 7.7%, and people are already writing the obituary. Relax. Volume is only 0.1x the 20d average, RSI is 41, and funding is -0.001%.
That is not aggressive conviction. That is weak selling with shorts getting comfortable. 🔥
Still ugly.
The MAs are chopping, so I’m not pretending this is a clean reversal. At $1.00, I’d watch for a reclaim, not chase the first bounce. $XRP had the same “dead coin” crowd once. 🧠
Is $DOT about to surprise the shorts?
#Polkadot #Crypto #Altcoin
Down 6.59% today to $1.09, with the last 4h down 7.7%, and people are already writing the obituary. Relax. Volume is only 0.1x the 20d average, RSI is 41, and funding is -0.001%.
That is not aggressive conviction. That is weak selling with shorts getting comfortable. 🔥
Still ugly.
The MAs are chopping, so I’m not pretending this is a clean reversal. At $1.00, I’d watch for a reclaim, not chase the first bounce. $XRP had the same “dead coin” crowd once. 🧠
Is $DOT about to surprise the shorts?
#Polkadot #Crypto #Altcoin