Polkadot Price Analysis: Here Are the Critical Liquidation Points for DOT

Crypto Blog

After breaking below the crucial 200-day moving average, Polkadot’s price has found support around the significant $6.5 mark. However, a sudden break below this pivotal support could trigger a notable cascade in the short term.

In the event of a successful breach by the bears, a significant downtrend towards the crucial $5.5 support level becomes highly likely. As a result, the price has embarked on a downtrend, indicating a prevailing bearish sentiment in the market. The following chart illustrates the liquidation heatmap for the Binance DOT/USDT pair. This heatmap highlights price levels with notable liquidity that could potentially influence the direction of the price trend.

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