Polkadot (DOT) faced continuous rejection from the $4.1 resistance, while struggling to gain momentum amid broader market uncertainties...
faced continuous rejection from the $4.1 resistance, while struggling to gain momentum amid broader market uncertainties. The recent downturn from this resistance has put DOT at risk of further downside, mainly as it hovered around key support levels.DOT recently faced resistance near the $4.1 level after bulls failed to overcome the EMA resistances.
However, if bulls manage to reclaim the EMAs, it could prevent a further decline and offer an opportunity for a near-term recovery. A retest of the $4.9 resistance level could be possible in such a case.
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