Polkadot is currently trading at 5.07 USD, aiming for the key 5.30 USD resistance. A sustained close above this level could lead to potential gains towards 8.00 USD. However, a failure at this price point may see a pullback towards 4.70 USD.
Recent price movements indicate bullish sentiment among traders, as many are opting for long positions after a notable 10% price surge. However, the decline in active addresses raises concerns about the network’s support for a breakout.
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