Positive Outlook for Polkadot (DOT) Price
Despite the drop in Polkadot (DOT) price earlier this month, investors remain optimistic about this cryptocurrency and continue to invest in it.
The steady increase in capital inflows since mid-month indicates growing interest and confidence in the Polkadot project. These factors suggest a strong belief in the project's potential, which could lead to sustainable price growth in the future.
To confirm a real upward trend, Polkadot needs to break out of the current range between $5.5 and $6.5. If this happens, the price could reach $7.2 and $8.3. The current range is suitable for entry, with a stop-loss for this analysis being a daily candle closing below $5.5.
The steady increase in capital inflows since mid-month indicates growing interest and confidence in the Polkadot project. These factors suggest a strong belief in the project's potential, which could lead to sustainable price growth in the future.
To confirm a real upward trend, Polkadot needs to break out of the current range between $5.5 and $6.5. If this happens, the price could reach $7.2 and $8.3. The current range is suitable for entry, with a stop-loss for this analysis being a daily candle closing below $5.5.
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