Polkadot [DOT] enters critical support level, should investors bet on it - BitcoinEthereumNews.com
TeknolohiyaAng Polkadot [DOT] ay pumapasok sa kritikal na antas ng suporta, kung ang mga mamumuhunan ay tumaya dito05 / 13 / 2022Balita ng Ethereum ng Bitcoin DOT is still bleeding as the bear market extends for yet another week, with no sign of slowing down. This has especially been the case in the last two days during which selling volumes increased after failing to bounce back. Now the cryptocurrency is closing in on yet another support and resistance level near $7, but the question is- Will it reverse or maintain its bearish trajectory？ DOT traded at $8.11 at the time of this press, following a slight recovery within the last few hours after dipping as low as $7.30. Zooming out reveals that the $7 price level has historically acted as a support and resistance zone. There is a significant probability that DOT may achieve some upside if the $7 price level provides ample support. Pinagmulan: TradingView There are numerous reasons for the expectation of a bounceback from support. The price is already deep in the oversold zone as indicated by the RSI. The MFI has so far registered heavy outflows that coincide with the current price level. The slight bullish recovery after entering the support