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Polkadot can make a comeback once it finds itself at this support region
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ambcrypto.comPolkadot has extended losses by 33% over the last two weeks, due to which its 4-hour MACD languished at a near 6-month low. Meanwhile, short-mid term moving average lines have failed to offer any pushbacks after DOT weakened below a long serving upper trendline .
Should a recovering RSI now falter around the mid-line, DOT’s next point of contact would be between $35-$33.2 support, from where the introduction of new longs could trigger a much-needed comeback. At the time of writing, DOT traded at $39.8, down by 0.66% over the last 24 hours.
Source: DOT/USD, TradingView
Bears have been relentless in the DOT market and a number of support levels have succumbed over the past two weeks. Since flipping its bottom trendline on 11 November, DOT
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