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<p><a href="https://twitter.com/Toni_Bitcoin/status/1758891534479466579?t=QtoPqBU2vtLNJrYuA0W7KA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Tony Bitcoin, a crypto analyst,</a> warns that Polkadot’s DOT token must hold a key ascending support line to avoid further losses. According to Tony’s chart, DOT has repeatedly bounced off this ascending support over the past few months.</p>
<p>Now, with the DOT price dropping to retest this support around $7.40, Tony emphasizes it is “very important that $DOT does not lose the line.” If DOT breaks decisively below this support, Tony warns the price could continue falling further.</p>
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<p><strong>Bulls Defend Support, Sparking Price Bounce</strong></p>
<p>At the time of Tony’s analysis, DOT was testing the crucial support line around $7.40. After his warning, the DOT price did bounce off this support level with a close above it.</p>
<p>Emboldened bulls have since pushed the DOT price higher, with the token trading around $7.80 at last check. The successful defense of the ascending support line means the DOT price remains in its short-term uptrend. As long as bulls can continue holding this line, the path of least resistance appears to be to the upside.</p>
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<p>The post <a href="https://captainaltcoin.com/polkadot-bulls-must-defend-key-support-level-for-price-recovery-analyst-warns/" rel="noopener noreferrer nofollow">Polkadot (DOT) Bulls Must Defend Key Support Level For Price Recovery, Analyst Warns</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polkadot (DOT) Bulls Must Defend Key Support Level For Price Recovery, Analyst Warns

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