Dot has been trading near the $2.60 – $3.00 range, having recently broken below a key support level around ~$2.87.
Technical indicators are showing weakness: moving averages are above current price (50-day and 200-day) which acts as resistance.
On the fundamental side, the Polkadot network remains active (with parachain auctions, development activity etc) even though price is under pressure.
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⚠️ Key support & resistance and outlook
Support: ~$2.50 – $2.60 is critical short-term. A break below could open a drop toward ~$2.30.
Resistance: ~$3.10-$3.40 is the key resistance zone. A clean break above could signal a recovery.
Outlook
Bullish scenario: If DOT stabilizes above ~$2.60 and climbs above ~$3.10, it could target $3.40+ in the medium term.
Bearish scenario: If support fails and average trends remain down, DOT may revisit ~$2.30 or lower.
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✅ Summary
Polkadot is at a decision point. The underlying ecosystem remains capable, but price action is weak and momentum is negative. If you’re watching DOT, the key levels to monitor are ~$2.50-$2.60 (support) and ~$3.10-$3.40 (resistance) — the next directional move will likely hinge on whether it holds above support or breaks down further.
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