• Polkadot’s [DOT] market structure has been bearish, but a bullish recovery is looking more likely due to the market showing signs of revival.
• DOT posted decent gains of 4.5% over the past 48 hours to raise its price to $5.05, as of press time.
• Bulls can expect to challenge bears for ownership of the fundamental $5.23 price level; if successful, further gains could be expected.
Polkadot on Verge of Recovery
Despite DOT’s market structure staying bearish, a bullish recovery looked increasing likely due to the market showing signs of revival.
Over the past 48 hours, DOT posted decent gains of 4.5% and increased its price to $5.05.
Bulls vs Bears at $5.23
Bulls are attempting to reclaim the fundamental $5.23 support level from bears; if successful, further gains could be seen.