Posted 12/9/2023, 2:08:59 AM
Polkadot Price Soars 80% Since October But Faces Resistance Around $7.50
- Polkadot (DOT) price has risen 80% since Oct 18 when the crypto market turned bullish
- DOT now faces a supply zone from $7.236 to $7.575 that could cause a 5% correction if not overcome
- Breaking above the $7.424 mean threshold is needed to continue the uptrend towards $7.900
- The RSI shows DOT is overbought but buying momentum continues rising
- A daily close below $7.000 could trigger a deeper correction down to $6.238 or $5.732