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Why DOT bulls should closely monitor this resistance range to remain profitable

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.For over eight months, Polkadot [DOT] has been struggling to bring forth a change in the long-term bearish narrative.

The last two weeks, however, have been somewhat hopeful as the alt finds a position above the basis line (green) of the Bollinger Bands (BB).While the recent growth aided DOT’s move toward its immediate supply zone in the $8.6-$9.1 range, the sellers could aim to pose near-term hurdles.

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