Polkadot

<ul><li>Polkadot (DOT) faces strong resistance at $8.00, repeatedly experiencing fakeouts and failing to break higher.</li><li>The $7.50 level is pivotal for DOT, acting as a key support and resistance point influencing short-term direction.</li><li>Technical indicators suggest cautious optimism, with the RSI neutral and the MACD showing a slight bullish crossover.</li></ul><a href="https://cryptotale.org/polkadot-primed-for-growth-analyst-predicts-18-target-amid-key-developments/" rel="noopener noreferrer nofollow">Polkadot</a> (DOT) has been navigating tricky terrain in recent times, particularly within the USDT Perpetual Contract on a 4-hour timeframe. The chart analysis highlights critical insights into DOT&#39;s price behavior and suggests potential future movements. At press time, the cryptocurrency is trading at <a href="https://coinmarketcap.com/currencies/polkadot-new/" rel="noopener noreferrer nofollow">$7.42</a> with a 24-hour trading volume of $292,187,791, marking a 0.74% decline in the last 24 hours.DOT has faced several resistance tests around the $8.00 mark, repeatedly encountering selling pressure that halts its upward momentum. These &#34;Zones of Fakeout&#34; indicate robust resistance, where buying efforts consistently fail to break through, leading to false breakouts.After retreating from these highs, <a href="https://cryptotale.org/navigating-polkadots-path-will-it-break-through-resistance-at-10-11/" rel="noopener noreferrer nofollow">DOT&#39;s</a> price has settled into a consolidation pattern, centering around $7.50. This level has seen multiple interactions, underscoring its significance as both a support and resistance point. Consequently, the $7.50 mark is pivotal, potentially determining DOT&#39;s short-term direction.<a href="https://cryptotale.org/will-polkadot-overcome-resistance-at-7-50-and-target-the-8-00-zone/" rel="noopener noreferrer nofollow">Source - https://cryptotale.org/will-polkadot-overcome-resistance-at-7-50-and-target-the-8-00-zone/</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Will Polkadot Overcome Resistance at $7.50 and Target the $8.00 Zone?

CryptoTale

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