 
 
Polkadot’s native cryptocurrency, DOT, has emerged as a standout performer in the digital asset market, with analysts predicting a significant price surge.
Polkadot (DOT) faces downward pressure below the critical $8 resistance level against the US Dollar, signaling a bearish trend. Failure to hold above $6.00 could lead to further downside. After encountering strong selling interest near $7.60, the DOT price initiated a downside correction, echoing similar movements in Ethereum and Bitcoin.
The decline extended below the $6.20 support zone, resulting in a low near $6.03. The price is currently consolidating losses and showing signs of a minor recovery. It is now trading above $7.1 and the 23.6% Fibonacci retracement level of the recent decline from $7.58 to $6.03.
Over the past week, Polkadot’s DOT has experienced a notable surge in price, climbing by 10% in a…
