Polkadot hits key support – Assessing the odds of DOT’s bullish reversal

DOT is currently at a crucial support level of $3.50, following a significant price drop of 32% this month. Trading volume increased by 50%, reflecting heightened market activity as investors assess their positions.

Analysts foresee a possible bullish reversal if DOT maintains its position above $3.50. However, geopolitical tensions could affect market sentiment, and investors must remain vigilant as further drops may occur if this support fails.

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