Polkadot is currently priced at 3.47 USD and has seen a 3.10% drop in the last 24 hours. The price shows a possible recovery if it maintains support around 3.35 USD, while breaking the 4.60 USD resistance is key for a bullish reversal.
Recent data indicates a significant liquidation imbalance, suggesting bearish sentiment among traders. However, with an increase in Open Interest to 305.42 million USD, there is potential for future volatility and a possible upward trend.
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