Polkadot’s DOT Token Navigates Market Challenges with Price Fluctuations
Main Idea
Polkadot's DOT token has shown variable movements within a specific price range, facing persistent selling pressure and struggling to break free from the broader bearish market trend.
Key Points
1. DOT traded between $3.87 and $4.11, with resistance at $4.11 and support between $3.87 and $3.93.
2. The token experienced a 6% fluctuation with a $0.24 price change over 24 hours, with increased trading volume during key hours.
3. DOT depreciated by 1.9%, mirroring the broader market downturn, with the CoinDesk 20 index falling by 3%.
4. Analysts noted a 'V' shaped recovery pattern after DOT dropped to $3.92, with buyer activity indicating short-term positivity.
5. Significant buying demand was concentrated within the support zone, but sellers intensified pressure near resistance, hindering upward movement.
Description
Polkadot's DOT token has fluctuated between $3.87 and $4.11 recently. Key support and resistance levels influenced trading activities for DOT. Continue Reading: Polkadot’s DOT Token Navigates Market Challenges with Price Fluctuations The post Polkadot’s DOT Token Navigates Market Challenges with Price Fluctuations appeared first on COINTURK NEWS .
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