Polkadot (DOT) price struggles to keep the bullish momentum afloat as it breaks out of a three-month downtrend. This uptrend is undergoing a pullback
Polkadot price rallied nearly 22% last week and set up a local top at $4.45. DOT is likely to retrace to the $3.98 support level and consolidate here before making its next move. The resulting bounce is likely going to push the altcoin to the next key hurdle at $4.80. which could undo the recent gains.
The Relative Strength Index , which is on the decline, is likely to find support at the 50 mean level, supporting the bullish outlook noted from a technical standpoint. A bounce from this level is likely to propel Polkadot price to overcome the $4.31 resistance level and tag the subsequent hurdle at $4.80 and $5. Read more:PolkadotPrice Forecast: DOT likely to slide to $3.70 as weekend rally fizzles out DOT/USDT 1-day chart On the other hand, if Polkadot price fails to hold above the $3.
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