polkaDOT please stay above $5.70
DOTUSDT Polkadot bounced off the 20-day EMA ($6.49), but the bears continued to defend the 61.8% Fibonacci retracement level of $6.85. If the price turns up from the uptrend line, the buyers may resume the up-move and propel the DOT/USDT pair to the neckline of the inverse H&S pattern.
If the uptrend line gives way, the bears may try to sink the pair to $5.70, which is an important level to watch because below it, the pair could drop to $5.15.
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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.