Polkadot DOT’s $8.442 Standoff: Bounce or Breakdown?
2024-12-17
Category: None

DOT is hovering around a key support zone,  at $8.442. 

1. A quick dip and bounce back from $8.442 might hint that the bulls aren’t ready to give up just yet (Dashed Green Projection).

2. If DOT confidently pushes through $9.659, the bulls might have a party, with the next pit stop likely around $11.009. A clean move here could set the stage for some exciting action to the upside (Solid Green Projection).

3. However, if the $8.442 level crumbles, things could get dicey fast. Bears might take over, dragging the price toward $7.000, a critical support level where DOT could try to catch its breath (Red Projection).

Right now, DOT is at a tipping point—will it rise to the occasion or falter? Keep your focus on $9.659 and $8.442; they’re calling the shots for what comes next.