Polkadot’s Price Drop: A Temporary Setback or More?
- Polkadot (DOT) recently faced a sharp drop, creating uncertainty about its future.
- Key support levels are $4.55, $4.28, and $3.60, crucial for stability.
- Experts believe Polkadot may surge past $50, possibly revisiting its $55 high.
Polkadot (DOT) has taken a hit, with its price dropping sharply and leaving many to wonder what’s next. This isn’t just a small dip—it’s a major setback for the cryptocurrency, causing some concern about its short-term future.
Before this drop, Polkadot had been trading above $6, riding a wave of optimism, with its price rising over 12% amid hopes that a Polkadot exchange-traded fund (ETF) could soon launch in the United States. The excitement kicked off last week when digital asset manager 21Shares filed with the Securities & Exchange Commission to launch a Spot Polkadot ETF.
Polkadot Price: Key Levels to Watch
Polkadot is currently in a correction phase after reaching a high. The price is currently trading near the $4.80 level and is trying to break above the $5 target. DOT closed the previous session at $5.14 and key resistance levels are at $6.10 and $5.94.
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Polkadot’s Price Drop: A Temporary Setback or More?
- Polkadot (DOT) recently faced a sharp drop, creating uncertainty about its future.
- Key support levels are $4.55, $4.28, and $3.60, crucial for stability.
- Experts believe Polkadot may surge past $50, possibly revisiting its $55 high.
Polkadot (DOT) has taken a hit, with its price dropping sharply and leaving many to wonder what’s next. This isn’t just a small dip—it’s a major setback for the cryptocurrency, causing some concern about its short-term future.
Before this drop, Polkadot had been trading above $6, riding a wave of optimism, with its price rising over 12% amid hopes that a Polkadot exchange-traded fund (ETF) could soon launch in the United States. The excitement kicked off last week when digital asset manager 21Shares filed with the Securities & Exchange Commission to launch a Spot Polkadot ETF.
Polkadot Price: Key Levels to Watch
Polkadot is currently in a correction phase after reaching a high. The price is currently trading near the $4.80 level and is trying to break above the $5 target. DOT closed the previous session at $5.14 and key resistance levels are at $6.10 and $5.94.
Related: Trump’s Trade Policies Stir Crypto Turmo…
The post Polkadot’s Price Drop: A Temporary Setback or More? appeared first on Coin Edition.
Read More