Why Polkadot has potential to rebound from this defending level

Polkadot [DOT] continued its downward movement below its four-month trendline resistance (yellow, dashed). The current structure found immediate grounds in the $6.45-zone. A rebound from its long-term support can position the alt for near-term revival. While the long-term tendencies played out in favor of the sellers, DOT needed to topple the 20 EMA (red) to […]