Future

bullish

Polkadot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/polkadot-investors-monitor-key-support-levels/" data-wpel-link="internal">Polkadot Investors Monitor Key Support Levels</a> 
Polkadot (DOT) experienced a bullish market on Saturday, August 24, but later retracted. Now, it continues to find buyers at the $4.22 support level tested two weeks ago. Recent information indicated that the $4 level is a psychological support zone for DOT. Traders and <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> remain curious whether the price will drop to $4 or bounce from $4.22 before a recovery. 
<h2 style="text-align: justify" id="market-expectations-for-dot">Market Expectations for DOT</h2> 
The daily market structure showed complete uncertainty. Over the past two weeks, the $4.22 price level served as support and was revisited. A bounce from this level could open the door for DOT to reach local highs of $5. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-384317" src="https://coin-turk.com/wp-content/uploads/2024/08/dot-dot-1-coin-turk-com.png" alt="" width="579" height="292"> 
However, technical indicators suggested a slight price drop in the 12-hour timeframe. The MACD showed a downward crossover, indicating a momentum shift, and the OBV was rejected near the month’s highs. 
On the other hand, the OBV did not experience a significant drop, and the $3.6 level still seems distant. However, a rapid market decline could see the price fall to this level. 
<h2 style="text-align: justify" id="future-of-dot">Future of DOT</h2> 
DOT’s price analysis suggested that the <a href="https://en.coin-turk.com/impact-of-token-unlock-schedules-on-market-dynamics/" data-wpel-link="internal">altcoin</a> might form a short-term bottom. However, according to the analysis based on the liquidation heatmap, the $4.22 level could break briefly, leading to a temporary upward movement. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-384318" src="https://coin-turk.com/wp-content/uploads/2024/08/dot-dot-2-coin-turk-com.png" alt="" width="582" height="327"> 
Nevertheless, a significant liquidity cluster at the $4.11 level could pave the way for downward movement before a trend reversal. 
Therefore, investors aiming for a return to the crucial $5.17 level might seek buying opportunities around the $4.05-$4.11 liquidity levels. 
In the past, the decisions and expenditures of the Polkadot team drew reactions. It remains to be seen what will happen in the <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a>. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/polkadot-investors-monitor-key-support-levels/" data-wpel-link="internal">Polkadot Investors Monitor Key Support Levels</a></h5>
The post <a href="https://en.coin-turk.com/polkadot-investors-monitor-key-support-levels/" data-wpel-link="internal">Polkadot Investors Monitor Key Support Levels</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Polkadot Investors Monitor Key Support Levels

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