DOT Bulls Test Support: Is It Time to Sell? The recent crypto market dip has affected
Polkadot (DOT), with a drop in its value. But don't hit the panic button just yet!
Despite the short-term setback, DOT has seen a
12% surge in the past week, and it's currently trading at $9.70 with a market cap of over $13 billion.
This could be a crucial moment for DOT as it tests support levels, hinting at a potential
bullish rally that could see its price soar by 200%.
On-chain data suggests mixed sentiments among investors. While social volume remains high, weighted sentiment leans bearish. However, derivatives market stats show demand for DOT is on the rise.
Technical indicators like MACD and CMF point towards a possible
price increase, but the MFI raises caution about a potential drop.
In this volatile market, it's essential to weigh the pros and cons before making any hasty decisions. Keep an eye on DOT's performance and stay informed!
Note: This is not financial advice. Always do your own research before investing.
