Polkadot DOTUSDT mulling around!
DOTUSDT The bears have demonstrated their dominance by rejecting Polkadot at the downtrend line on April 12.
If the price falls and sustains below the 20-day EMA around $6.24, it may indicate that the DOT/USDT pair is heading towards the critical support level at $5.70.
Conversely, if the price bounces back from the 20-day EMA, it will imply that traders are buying the dips, and the bulls may try to push the price above the downtrend line again. If they succeed, the pair may gain traction and surge towards the neckline of the H&S pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.