Polkadot

<ul><li>Polkadot experiences a surge in social media popularity, but its native cryptocurrency, DOT, lags in price recovery.</li><li>DOTUSD trades at $5.14, showing bearish sentiment, with resistance at $5.72, and support at $4.25.</li><li>Polkadot&#39;s overall performance shows a significant downward trend with consistent selling pressure.</li></ul>In the world of cryptocurrencies, it&#39;s no longer solely about the numerical data displayed on charts. Social media has emerged as a formidable influencer, molding the destiny of digital assets. One such example is Polkadot, a network that connects multiple blockchains, which has recently witnessed an unprecedented surge in popularity within the social sphere. However, its native cryptocurrency, DOT, appears to be falling behind.The excitement surrounding Polkadot is palpable. Over the last seven days, discussions about the network have taken social media by storm. With a surge in social mentions and engagements, it&#39;s clear that the community is buzzing with enthusiasm.Santiment, an intelligence platform, noted a spike in positive sentiment towards DOT. However, this has yet to translate into a bullish price trend. The cryptocurrency&#39;s development activity has been flat, and its trading volume, although surging, is still far from its monthly peak.<a href="https://coinmarketcap.com/currencies/polkadot-new/" rel="noopener noreferrer nofollow">Polkadot (DOTUSD) </a>is currently trading at $5.14, experiencing a decline of 0.98% in one day. The recent price movement indicates a bearish sentiment in the market as the cryptocurrency struggles to maintain its upward momentum. Looking at the Ichimoku cloud indicator, the current price of $5.15 is below the conversion line at $5.15 and the baseline at $5.35, suggesting a potential downtrend in the short term. The lagging span, currently at $5.00, also confirms this bearish outlook.Read full article at<a href="https://cryptotale.org/polkadots-social-surge-unmatched-as-dots-price-recovery-remains-elusive/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Polkadot's Social Surge Unmatched as DOT's Price Recovery Remains Elusive

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