The supreme analyst predicts that the preparation of Polkadot (Dot) can print huge gains if …
Polkadot price was traded within a specific range, and attention was attracted from merchants and analysts. An analyst Elite Crypto Shango suggested that if you return DOT to $ 4.35, this may be a chance to a long position, and it may reach $ 5.60. This corresponds to the current market structure observed in the graph for 4 hours.
Dot has been going through a rough correction recently, as it decreased slightly before settling in a knot style. The price was between $ 4.35 at the low end and $ 5.60 at the end. This underdeveloped movement indicates that merchants are building situations while waiting for seeing what will happen next.
We see some purchasing benefits whenever the price decreases to $ 4.35, which indicates that people still want to enter these levels. If this level continues, the DOT price may see another attempt to test its upper borders at $ 5.60. However, failure to maintain momentum is higher than the main average levels can lead to more price corrections.
Bolkadot is the price of support and resistance levels for viewing
The area of $ 4.35 was a request area where the purchase pressure appeared in the previous market movements. On the other hand, the level of $ 5.60 was a consistent supply zone, as it prevented the original sale pressure from collapse higher. There is medium -term resistance between $ 4.90 and $ 5.00, which may affect short -term price movements.
If the price of DOT reconsides the level of support and the intervention of buyers, the original may see a swing towards the resistance. But this is the thing – if less than $ 4.35 decreases, the entire setting may collapse, and we may see low prices. On the other hand, if it exceeds 5.60 dollars with a strong trading volume, we may see Dot paying beyond $ 6.00.
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Market tweet and morale analyst
Crypto SHANGO lines with what we see – traders are trying to take advantage of these fluctuations between $ 4.35 and $ 5.60. Thinking is that if you touch DOT $ 4.35 again, it may be the right time to buy for $ 5.60.
Perhaps people who see this setting in deals may think based on these price points, while making sure to protect themselves if things go south. Most of them wait for clear signals – such as higher or strong reactions – before making any moves.
Trading strategy considerations
Looking at how to list things, traders interested in DOT may want to think about buying near $ 4.35, with a loss of stopping a little less than this level. They can look at profits when the price approaches $ 5.60.
For those who expect a greater move up, keep a strong boost more than $ 5.60, especially if there is a heavy trading volume – it may indicate the beginning of a greater gathering. But if Polkadot’s price cannot remain above the middle From the range, we may see another drop.
The next few days and weeks will be very important as everyone is watching to know the direction that is finally broken.
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