Polkadot (DOT) tested its support level on Friday after spending almost all week in the red. However, DOT was able to bounce off its support level as it continues to find buyers around the $4.20 price level.
Traders and market watchers are closely monitoring the $4 and $4.20 price levels, which have emerged as key psychological support levels.
A Difficult Week For Polkadot (DOT)
Polkadot (DOT) has endured a bearish week since dropping into the red on Sunday, ending the previous week with a 3.21% drop. As buyers lost steam, sellers could regain control, and DOT dropped over 5% on Monday, slipping below the 20-day SMA and settling at $4.56. Buyers attempted to re-establish control on Tuesday as DOT rose to a day high of $4.66. However, sellers thwarted the recovery attempt, and DOT fell back in the red for the third consecutive day, losing the $4.50 level and settling at $4.38. Wednesday saw a continuation of selling pressure as DOT fell by 2.74% to $4.26, as sellers looked
We współpracy z: https://cryptodaily.co.uk/2024/08/polkadot-price-analysis-dot-rebounds-from-critical-support-level
