MobChart data showed there DOT witnessed limited buy orders worth $910k from $4 to $3.899. By itself, it does not mean DOT will see a bounce in prices due to the high volume of buy orders.
of Polkadot from the last seven days noted an increase of 16.2% in the number of holders within the Polkadot ecosystem. Conversely, there was a massive drop in daily active users and a slight reduction in core developments over the past month. Should this worry the bulls?On 15 September, the market structure on the two-hour chart of Polkadot shifted bullishly when the recent lower high at $4.1 was breached. Following this development, the buyers drove prices as high as the $4.
The past five days saw large volatility in the DOT prices, with $4.05 and $4.2 serving as support and resistance levels respectively. To the dismay of the bulls, the recent slump inThere was a bullish order block that extended from $3.91-$4.02 where a bullish reversal could occur. In particular, the $3.95 support was one to watch as it brought the bullish structural break last week. Hence buyers can seek to enter a long trade at that level, with a stop-loss below the $3.89 mark.
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