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This price range could be key to Polkadot’s [DOT] near-term trajectory

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and shouldn’t be considered investment advicePolkadot [DOT] has steadily descended over the last few months.

During this phase, the six-week trendline resistance (white, dashed) has curbed recent bullish revival attempts. The buyers defended the $6.5-support for over 17 months while the sellers kept finding fresher lows.The recent rebound did help the alt break out of its falling-wedge-like structure.

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