Polkadot (DOT) has experienced a major decrease in recent days and made investors anxious. As the price approaches critical support levels, uncertainty about the future of DOT continues. So, is this just a temporary correction or a bigger drop? Investors should watch the price movements carefully in the coming days.
Will Polkadot hold on support levels?
Polkadot was trading above $ 6, and investors were pricing a possible ETF news. However, the price is rapidly withdrawn and is currently trading around $ 4.80. The effort to go above the $ 5 level continues. If there is no strong receiver support at this level, the decline may deepen.
DOT closed the previous trading day at $ 5.14. Significant resistance levels are determined as 5.94 and $ 6.10, while critical support levels stand out as 4.55 and $ 4.28. If the price goes below these levels, a greater decrease may begin. Whether whales are purchased or not can determine the direction in the market.
What are the dangerous levels for DOT?
DOT’s highest level in the last month was $ 7.99, while the lowest level was recorded as $ 3.89. According to technical analysis, the fact that Polkadot decreased below $ 3.60 may be the beginning of a large decline wave. This critical level will be decisive for the future of Polkadot.
Breaking this level may cause investors to increase sales pressure. However, if buyers get stronger in this area, DOT may have the opportunity to recover again. In the short term, investors should closely closely follow the $ 5 level. In addition, the general sensitivity in the market will be effective in price movements.
Can Polkadot see $ 50?
Polkadot’s highest level of all time (ATH) was $ 55 and this summit was seen on 4 November 2021. Some analysts think that DOT can reach $ 50 in the long run. However, the current uncertainties of the market may require a strong rally for the realization of this target.
Experts predict that if Polkadot makes a strong rally, it can reach $ 53.38 by the end of 2025. However, investors should be careful because the market conditions are variable. The future of DOT will be connected to overcoming resistance levels and on the general train on the market. If market conditions become favorable, DOT’s long -term rise potential may continue.
