⚡$DOT UPDATE: Pullback Testing Short-Term Support! 📉
Current Price: 1.277 (+4.33%)
📍 Entry Zone: 1.250 – 1.265 (Retest of MA25)
🛑 Stop Loss: 1.235
🎯 Take Profit Targets:
• TP1: 1.290 (MA7 Resistance)
• TP2: 1.317 (24h High)
• TP3: 1.350
📊 Analysis:
The short-term trend for Polkadot ($DOT) is currently Bullish, but the price is undergoing a necessary correction after a strong rally. On the 1-hour chart, $DOT has slipped below the MA(7) (1.290) and is looking for support near the MA(25) (1.259). The MACD is still in positive territory at 0.001, but the histogram bars are turning light green/red, indicating that the initial buying momentum is cooling off following the peak at 1.317.
⚠️ Risk Tip:
Trading volume is relatively low with 8.77M USDT over 24 hours, which can lead to increased volatility. The price recently bounced from a low of 1.216, so maintaining a "higher low" structure is crucial to keep the bullish thesis alive.
🔥 If the $1.260 level holds as support, look for a second attempt to break the $1.32 resistance zone.
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