Polkadot has not reversed its downtrend yet, but the CMF showed high buying pressure behind the token that defend the $4.22 support.
The $4 and $4.6 support and resistance zone from the VRVP tool would likely be respected in the coming weeks.was able to bounce from the $4 support zone earlier this month, but its momentum has faltered over the past few days. At press time, it appeared headed toward the same support once again.
The Directional Movement Index had both the -DI and ADX above 20, indicating a strong downtrend in progress. The price action also showed a downtrend in progress since June as DOT formed a series of lower highs and lower lows.
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