![Polkadot [DOT]: Why the bears shouldn’t be too excited about the $5.272 hurdle](https://i.headtopics.com/images/2023/1/14/cryptoamb/polkadot-dot-why-the-bears-shouldn-t-be-too-excite-polkadot-dot-why-the-bears-shouldn-t-be-too-excite-1614149063607291904.webp)
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion DOT could overcome the $5.272 hurdle and target $5.490 DOT saw an increase in development activity but a fluctuation in trading volumes Polkadot [DOT] posted over 23% gains in the past two weeks. It […]
The RSI had gradually moved to the overbought zone from the oversold area, indicating intense buying pressure in the past two weeks. Similarly, the On Balance Volume made higher highs, indicating that trading volumes increased to boost the uptrend momentum.
However, bears were in sight around the $5.272 hurdle, and they would come in droves if bulls failed to clear the obstacle. As such, bears could push DOT prices below $5.079, invalidating the bullish forecast described above. On the other hand, the trading volume declined at press time and could undermine further uptrend momentum. However, this could change if BTC breaks above $19.05K.
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