Polkadot has a bullish market structure on the daily timeframe but this could change if the prices dip toward the liquidity pocket nearby.
Price analysis showed that DOT could be forming a short-term bottom. Yet, the $4.22 level might be broken, at least briefly.achieved a bullish market structure break on Saturday, the 24th of August, but has retraced the move entirely. It was trading just above the $4.22 support level that it had retested two weeks ago.noted that the $4 region was a psychological support zone. Will Polkadot prices fall to $4 before a recovery, or should traders expect a bounce from $4.
However, the OBV did not sink too deep, meaning that traders need not expect a move toward $3.6 next.The price analysis showed that DOT could be forming a short-term bottom. Yet, the $4.22 level might be broken, at least briefly, according to AMBCrypto’s analysis of the liquidation heatmap.
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