Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
Market structure remained bullish due to the overwhelming strength of buyers in the last five days
A retest of the $6.3-level will be likely should DOT close a session below $6.8
Polkadot [DOT] has leaned strongly north in December so far. Despite the pullback from $7.68 over the weekend, the altcoin retained its bullish market structure. Bitcoin’s [BTC] latest dip saw DOT recede considerably too.
It is possible that a short-term resistance level just above $7 could rebuff bulls should DOT bounce in the coming hours or days. What should traders watch out for next?
Short-term move, subsequent retracement offered some clarity on the way forward
Source: DOT/USD, TradingView
From 7 December to 9 December, DOT saw a swift move north from $5.9 to $7.69. Soon after, the bulls were beaten back and prices momentarily dipped to $6.285 a few
We współpracy z: https://ambcrypto.com/polkadots-price-falls-past-7-how-does-this-affect-dots-prediction/
