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The DOT token price shows a falling wedge pattern on the daily charts.
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Polkadot crypto’s price slipped over 30% in the last week, replicating profit booking.
DOT, the native token of Polkadot, displays lower low formation and is hovering near the 20-day EMA mark, revealing selling pressure in the recent sessions. Moreover, the token is on the verge of a breakdown and is holding the move at its support mark of $7. The DOT crypto price action also signifies the volatile move and replicating selling pressure.
The DOT price slips from the top of $9.50 and is experiencing correction among its peers due to the broad market negative sentiments. However, the trend is neutral, and the token price may spray gains above $7.20, the prompt trendline hurdle. A morning star candlestick was formed on the 200-day EMA, which conveys a pullback during the down move.
The price of the cryptocurrency was $7.01 at press time, with an intraday gain of 2.60%, showing neu
We współpracy z: https://www.thecoinrepublic.com/2024/01/30/dot-price-analysis-will-dot-hold-the-7-level-or-face-a-selloff/
