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Polkadot, Solana, NEAR Price Analysis: 24 December
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As the broader market witnessed a strong recovery wave, Ethereum crossed the $4,100-mark whilst Polkadot, Solana and NEAR saw a patterned breakout as a Christmas gift.
TradingView, DOT/USDT
DOT bears over-retraced its previous bull run in an up-channel (white) as the token lost its 16-week previous support at the $26-mark. The alt poked its 15-week low on 20 December. Nevertheless, the bulls ensured the $24.31 longer time frame support.
Thus, they retested the upper channel (green) multiple times until DOT witnessed a down-channel breakout on 21 December. The digital currency noted a 26.07% incline in just four days (from 20 December low).
This push flipped the 50-SMA (blue) into its immediate support at the $26.12-mark. Bears ensured the
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