In a market often characterized by net oscillations and unpredictable trends, Pea (DOT) appeared as a stability lighthouse, defying wider volatility to maintain above the critical support level of $ 4.8. While other altcoins are experiencing uncertainty, Dot has managed to maintain stability, reporting a strong purchase interest in this key price area.
This regular performance comes as the bulls are trying to take momentum, aimed at a potential break. However, with a wider market volatility still in play, traders look closely if the dowry can maintain its strength and push higher, or if the sales pressure will test its resolution. Polkadot’s stability will open the way to an upward movement, or is a retetest inevitable lower levels?
Action of dowry prices: can bulls rely on this stability?
Despite market fluctuations, the DOT currently presents impressive resilience, holding a company higher than $ 4.8. This stability suggests that buyers actively defend this key area to avoid a deeper drop.
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Although the cryptocurrency is currently negotiated below the simple mobile average of 100 days (SMA), it makes an effort to resume the momentum by pushing towards the level of resistance of $ 6.2. His upward attempt indicates that the bullish feeling is still present, buyers aimed at recovering control despite the persistent pressure.
In addition, the relative resistance index line (RSI) is trendy towards the 50%threshold, indicating a change in momentum. This movement shows that the purchase and sale of pressures are approaching balance, which makes the next movement of essential prices to determine the short -term trend.
If the RSI rebounds successfully and exceeds 50%, it could report a bullish Resurgence, with an increase in purchase pressure at price authorization. Conversely, if the RSI does not hold and drops more, this may indicate an increasingly lower pressure, which increases the risk of downward continuation.
What is the next step for Polkadot? Potential scenarios greater than $ 4.8
If buyers are gaining momentum, an escape greater than $ 6.2 could open the door for more advantage. The resistance levels of the following keys to monitor are $ 7.7 and $ 9.8, capable of supplying a bullish rally in the middle of trading volume increases. A sustained movement above these levels can open the way to Polkadot to withdraw the region of $ 11.9, further strengthening positive feeling.
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On the other hand, if the pressure sale intensifies and DOT loses the support of $ 4.8, the price could withdraw around $ 3.5, or even $ 1.9 in a downward scenario. A deeper correction is likely to trigger additional lower risks, forcing the bulls to intervene and defend the lower support areas.
For the moment, the feeling of the market and key technical indicators will determine the next major movement. If Pea Bases on its stability or faces a decline, traders must remain cautious and monitor volume changes, RSI trends and overall conditions of the market to confirm the next direction.
Medium star image, tradingView.com chart