DOT Poised for a Breakout: Key Levels and Price Recovery Outlook
2025-01-18
Category: None

Hello, Traders!

After reaching its highest point since last March, DOT price entered a correction phase, dropping over 40% from its recent peak. 
However, it's showing signs of recovery and is currently trading above the $7 price level.  

At this stage, it's highly probable that DOT has established a local bottom at the $6 level, making it unlikely that the price will drop below this support area under current market conditions.  

Looking ahead, there are two key resistance levels to monitor at $8 and $9. 
Breaking through these levels could open the door for a significant rally, with the potential to push DOT above the $12 mark — a price point not seen since 2022.  

From a mid-term perspective, DOT continues to exhibit bullish tendencies, supported by improving market sentiment and increasing interest in the broader Polkadot ecosystem. 
As development activity and adoption grow, it's only a matter of time before the price begins to climb again. 

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