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Tuesday, February 18, 2025
HomeAnalysisPolkadot Price Lags: Can DOT Establish a Base for Recovery?

Polkadot Price Lags: Can DOT Establish a Base for Recovery?

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Polkadot (DOT) is struggling below $5.00 against the US Dollar. The price must settle above the $4.35 and $4.50 resistance levels to start a decent increase.

DOT declined steadily below the $5.50 and $5.00 levels against the US Dollar. The price is trading below the $5.00 zone and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $4.18 on the hourly chart of the DOT/USD pair (data source from Kraken). The pair could start a decent upward move if it settles above $4.35 and then $4.50. Polkadot Price Remains [continue reading at link, below].

Source: NEWSBTC

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