Polkadot’s Plunge: Technical Analysis Forecasts Key Levels

Once the star of the last bull season, this altcoin, traded on numerous popular exchanges including Binance, could not perform as promised, and interest is fading. Even though it has seen a significant recovery recently, sustainability of this trend seems unlikely. So, what do the current technical readings say about the critical levels? Polkadot (DOT) Faces Potential Decline Polkadot’s failure to defend the $5.2 region against bears on June 5 was a clear sign of a strong bearish trend in the market. DOT plunged to a low of $4.2 before surging past the $4.68 support on June 10. As of writing, the trend was still in favor of sellers despite the bounce from the bottom. The bounce to $4.8 four days ago was followed by a sharp drop to the $4.32 support. Over the past week, DOT swung between $4.32 and $4.8 support and resistance levels. The $4.68 region has […] The post Polkadot’s Plunge: Technical Analysis Forecasts Key Levels appeared first on COINTURK NEWS.