After a promising start to the week, Polkadot ($DOT) failed to maintain its upward momentum and is trading below $7 again.
After concluding the previous week in the green, holding its price above $7, $DOT failed to maintain the momentum and is back trading in the red as of Friday, May 10.
Bearish Sentiment Returns: $DOT Over the Week
Polkadot’s price dropped sharply on Friday after slipping below a crucial support level of $7. $DOT had been trading relatively stable since May 2, increasing by 5.51% to rise above $7 and the 200-day SMA. $DOT battled but held its mark above $7 on May 3 and May 4. $DOT increased on May 5 but was trading down on the 6th, dropping by 2.46%, eventually settling at $7.13. $DOT continued trading in the red on the 7th and 8th, with the price eventually falling to $6.98. Polkadot, however, recovered on Thursday, May 9, increasing by 1% to $7.05.
Bearish sentiment, however, returned on Friday, May 10, seeing $DOT decline by 4.40% to $6.74, an
We współpracy z: https://cryptodaily.co.uk/2024/05/polkadot-dot-price-analysis-bearish-sentiment-returns
