Cryptolean Polkadot DOT Update

Polkadot is consolidating above $10.74.

A bullish reversal from the current price location will result in a bullish move to $11.78.

A bearish break-out of $10.74, the key daily support, will push DOT price towards the support zone of $9.38-$9.76.

Intraday Chart

The DOTUSDT 4-Hour chart is bullish and is trading above $10.91.

(1) A bearish dip and a bullish rejection of $10.91 or (2) a bullish move from its current price location will push price to the key intraday resistance zone of $11.62-$12.13, where I will be closely watching the #Polkadot price action.

A bearish break-out of $10.91 will lead to a slow price decline to $10.31.

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Comment:

Following overall market sentiment, Polkadot declined to the support zone of $9.38-$9.76, as it was anticipated in the last update.

A bullish reversal from the current price location will result in a bullish move to $10.74 and higher to $11.78.

A bearish break-out of $9.38-$9.76, the key daily support, will push DOT price towards the support zone of $8.34.

Intraday Chart

The DOTUSDT 4-Hour chart is neutral and just tested the bottom of the intraday range zone at $9.21.

A bullish rejection of $9.21 will push price to the key intraday resistance of $10.31, where I will be closely watching the #Polkadot price action .

A bearish break-out of $9.21 will lead to more downward pressure towards $7.39-$7.90 with additional support at $8.61.