Journalist
Posted: December 22, 2024
- Market sentiment around the token looked bearish.
- Derivatives metrics hinted at a possible price rise soon.
Polkadot [DOT ($1.90)] bled a substantial amount of its market capitalization last week as its value dropped in double digits. However, there was more to the story. Investors might soon witness a major comeback from DOT as the token was testing a critical support zone.
Polkadot at a crossroad!
CoinMarketCap’s data revealed that DOT experienced an over 17% price drop last week. At the time of writing, the token was trading at $7.08 with a market cap of over $10 billion.
In the meantime, World Of Charts, a popular crypto analy...
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