Polkadot

<ul><li>Polkadot&#39;s price faces downward pressure, with $3.91 as crucial to watch.</li><li>Asynchronous backing could revolutionize Polkadot&#39;s scalability, targeting 1,000 parachains.</li><li>Cheeky Crypto emphasizes the importance of monitoring smaller timeframes for understanding broader trends.</li></ul>In a recent <a href="https://youtu.be/huSsJ4cUXoo?si&#61;MgqOplMjU2-29Tyr" rel="noopener noreferrer nofollow">analysis</a> by Cheeky Crypto, the crypto commentator delved into Polkadot (DOT), providing insights on the altcoin&#39;s current price action and its potential future trajectory.<a href="https://cryptotale.org/renowned-crypto-analyst-unveils-cardano-adas-future-expert-insights/" rel="noopener noreferrer nofollow">Cheeky Crypto</a> began by addressing the recent price movements of Polkadot, noting a break to the downside that occurred on the 11th of the month, a common trend across many altcoins. He pointed out a key level at $3.91, emphasizing the need for Polkadot to hold this level to avoid further downside pressure.The analysis continued discussing potential wave patterns, including impulsive breakdowns and triple zigzag patterns. Cheeky Crypto highlighted the importance of monitoring smaller timeframes to understand the larger weekly and monthly structures. The analyst then shifted the focus to <a href="https://cryptotale.org/polkadots-social-surge-unmatched-as-dots-price-recovery-remains-elusive/" rel="noopener noreferrer nofollow">Polkadot&#39;s</a> long-term potential, mentioning the accumulation zones and opportunities for growth in the future bull market.Read full article at <a href="https://cryptotale.org/can-dot-survive-the-3-91-test-amidst-bearish-trends/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Can DOT Survive the $3.91 Test Amidst Bearish Trends?

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