Polkadot ($DOT
Palkadot ($DOT )is currently showing signs of consolidation after a recent dip, trading near a historic support level around $1.98 $2.10. Price Movement (Past Week): The price change has been volatile, with one source showing a recent 7-day price gain of s7-8% (bouncing from lows near $2.00), while others indicate a w3-7% loss depending on the exact comparison points. Key Technical Takeaway: The weekly chart is at a crucial point, having returned to the starting point of the massive late 2020 bull run (s $1.98). This zone is viewed by some analysts as a highly attractive accumulation area with a strong risk/reward ratio. Trend: The major trend is still considered bearish on higher timeframes. Dutlook: A rebound from this critical support suggests a possible Wyckoff "Spring" accumulation phase for a long-term bottom. A sustained move above $2.50 is needed to confirm a shift in momentum.