Polkadot's recent positive news has been overextended, and funds are starting to take profits. Selling pressure in the market has noticeably increased, and the bulls are unable to hold up.
Technical analysis on the 4-hour chart: MACD has a death cross heading downward, RSI is turning back down, and the bears are beginning to gain momentum.
First target: 1.52 Second target: 1.39 Stop loss: above 1.71
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$DOT Empty Empty Empty 📉
Polkadot's recent positive news has been overextended, and funds are starting to take profits. Selling pressure in the market has noticeably increased, and the bulls are unable to hold up.
Technical analysis on the 4-hour chart: MACD has a death cross heading downward, RSI is turning back down, and the bears are beginning to gain momentum.
First target: 1.52
Second target: 1.39
Stop loss: above 1.71
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