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11.11 - 13:03
Polkadot needs assurance on these counts before making a new ATH
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Polkadot’s rising wedge was coming to a conclusion following tepid price action over the past two weeks. With bearish divergences spotted on the RSI along with unfavorable readings on the MACD, DOT stared at the barrel of a 30% sell-off towards the $28.5 mark.
To change the tide, bulls would need to carry DOT’s 24-hour surge above a supply zone of $46.3-$49.5. Until then, chances of a retracement cannot be discounted. At the time of writing, DOT traded at $45.3, up by 9% over the last 24 hours.
So
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